According to the Zhitong Finance APP, Telink (688591.SH) announced that the company plans to acquire 100% equity of Shanghai Panqi Microelectronics Co., Ltd. ("Panqi Micro") through the issuance of shares and cash payment, and to raise supporting funds, with an issuance price of 33.98 yuan/share. Upon the company's application, the company's stock will resume trading on September 1, 2025 (Monday).

After this transaction, in the field of low-power Bluetooth, the company can integrate the leading RF chip performance technologies of the target company, such as ultra-low power consumption and ultra-high RF sensitivity, into its own products and ecosystem, enhancing the overall competitiveness of the company's main products like low-power Bluetooth, Zigbee, and Matter, upgrading the company's product matrix, and further expanding its competitive advantage. At the same time, the target company's Sub-1G and 5G-A passive cellular IoT technologies are highly complementary to the company's technology roadmap, which will further expand and improve the company's product layout in the IoT market, helping the company to quickly expand product application scenarios and develop a broader customer market. Through this transaction, the company is expected to create a low-power, all-scenario IoT wireless connection platform covering both near-field and far-field, expanding a full-stack wireless IoT solution