UFA plans to acquire a controlling stake in Indus Semiconductor and will resume trading on May 20

According to the Zhitong Finance APP, UFA (301112.SZ) announced that the listed company plans to purchase equity in Indichip Micro through the issuance of shares, convertible corporate bonds, and cash payments to 40 trading partners including ADK, Wuxi Linying, Jinjiang Keyu, Vincent Isen Wang, and Yangzhou Linxin. It also plans to issue shares to raise supporting funds from no more than 35 specific investors.

It is reported that Indichip Micro is a leading domestic supplier of automotive-grade analog-digital mixed signal chips and solutions, mainly engaged in the research, design, and sales of automotive-grade chips. Since its establishment in 2017, Indichip Micro has focused on domestic substitution and technological innovation in automotive chips, growing into one of the few integrated circuit design companies in China capable of large-scale production of automotive-grade chips, with cumulative shipments in the automotive chip field exceeding 250 million units. In 2024, it is expected to achieve nearly 600 million yuan in operating revenue, with automotive-grade chip revenue accounting for over 90%.

This transaction represents the listed company's strategic investment and acquisition direction in the automotive chip sector, which has a large scale, rapid growth, and relatively low localization rate, following comprehensive investigation and deep consideration around the automotive industry chain. It is an important measure for the listed company to seek new productive forces and achieve industrial upgrading in a familiar automotive field. The listed company can leverage its mature merger and acquisition integration experience to enhance the industrial synergy advantages of both parties. By entering the automotive chip field while developing its existing industrial robot system integration equipment or solution business, it will help directly improve the asset quality of the listed company, enhance its sustainable operating capacity and risk resistance, aligning with the interests of all shareholders.

Upon the company's application, the company's stock will resume trading on May 20, 2025 (Tuesday) at the market opening