GKCT terminates the planning of major asset restructuring and changes to strategic investment matters

GKCT announced the termination of its plan for a major asset restructuring and will instead pursue strategic investments. The company originally planned to acquire a portion of the equity of Shenzhen Xinchips Technology Co., Ltd. in cash, increasing its shareholding to 51%. After discussions, it was determined that the conditions for implementing the restructuring were not mature in the short term. The company decided to acquire 35% of Xinchips' shares, ultimately holding 37.77% of the shares, with an investment amount of 135 million yuan, based on Xinchips' assessed value of 385 million yuan. This investment does not constitute a major asset restructuring