Datang Telecom announced that the company intends to waive the preemptive right to acquire 24.4356% equity in its controlling subsidiary Datang Microelectronics held by the Guoxin Jianyuan Fund, with a corresponding transaction price of 460 million yuan. The transferee is the company's controlling shareholder China Information Communication Technology Group. This transaction constitutes a related party transaction. The waiver of the preemptive right will not result in changes to the company's consolidated financial statement scope, nor will it affect the company's shareholding ratio in Datang Microelectronics. This matter has been approved by the company's board of directors and is subject to review by the company's shareholders' meeting. Another shareholder of Datang Microelectronics, the First Research Institute of the Ministry of Public Security, is currently undergoing the approval process to waive its preemptive right
