According to the announcement from Jinghua Micro (688130.SH), the company plans to use its own funds of RMB 200 million to purchase 100% equity of Shenzhen Chipbond Microelectronics Co., Ltd. (referred to as "Chipbond Micro") held by Shenzhen Chipbond Technology Co., Ltd. (referred to as "Chipbond Technology") (corresponding to a registered capital of RMB 33 million, which has been fully paid). Upon completion of this transaction, Chipbond Micro will become a wholly-owned subsidiary of the company.

It is reported that Chipbond Technology is a technology platform integrated circuit design company focused on SoC design, with products that have achieved scale sales including smart home appliance control chips and mobile storage control chips. The target company is the operating entity of the smart home appliance control chip business assets under Chipbond Technology. Smart home appliance control chips serve as the core of smart home appliances, enabling control of household products through precise perception of external commands and a series of signal transmissions.

The purpose of this transaction is to strengthen the company's strategic layout of focusing on its main business and expanding its operations. By deeply integrating the technologies, products, markets, and supply chains of both parties, the transaction aims to achieve efficient resource integration. This transaction will not only further enrich the company's technological reserves and broaden its product array but also effectively expand into more downstream application fields, enhancing the company's supply chain competitiveness.

In terms of technology, the company will leverage the core technologies of the target assets in human-computer interaction fields such as touch control, MCU, and LED driving for smart home appliances, actively integrating the R&D resources of both parties to expand the application fields of the company's existing high-precision ADC-based mixed-signal SoC technology, thereby enhancing the overall technological strength and product competitiveness of the company. In terms of products, this will help the company expand its MCU product line, enrich its existing product series, and improve its solutions in consumer electronics, smart home, and white goods