According to the announcement from Huaqin Technology (03296), on July 10, 2026, the company's wholly-owned subsidiary Huaqin Communications acquired a total of 1.6282 million shares of Nexchip H-shares (accounting for approximately 0.07% of Nexchip's total issued share capital as of the date of this announcement) through on-market transactions on the Stock Exchange, with a total cost of approximately HKD 56.41 million (including transaction costs), equivalent to an average price of about HKD 34.65 per target share. After the completion of the acquisition and as of the date of this announcement, the group holds approximately 10.00% of Nexchip's total issued share capital.

The acquisition indicates the group's continued confidence in Nexchip's future development prospects and recognition of its long-term investment value. Through this acquisition and the group's commitment to holding Nexchip's equity for the long term, the group intends to deepen the integration of resources and synergies along the upstream and downstream of the industry chain, and take this opportunity to make key strategic investment layouts, further exploring the possibilities of collaboration in various business and project investments with all parties to enhance the group's overall competitiveness and market position