Yingfang Micro: There is uncertainty as to whether the issuance of shares and payment of cash to purchase assets can be approved by the shareholders' meeting and obtain regulatory approval and registration.
Yingfang Micro announced that on January 20, 2026, the company disclosed the "Yingfang Microelectronics Co., Ltd. Issuance of Shares and Payment of Cash to Purchase Assets and Raise Supporting Funds and Related Party Transactions Pre-disclosure" and other related announcements. The company intends to acquire 100% of the shares of Shanghai Xieke Li Information Technology Co., Ltd. and 100% of the shares of FIRST TECHNOLOGY CHINA LIMITED through the issuance of shares and payment of cash, and to raise supporting funds. This transaction is subject to satisfying multiple conditions and obtaining approval from relevant authorities before it can be implemented, including but not limited to the company holding another board meeting to approve the relevant resolutions of this transaction, the counterparty fulfilling internal decision-making procedures to approve the resolutions related to this transaction, the company holding a shareholders' meeting to approve the resolutions related to this transaction, the approval of the Shenzhen Stock Exchange on the transaction plan, and the registration approval from the China Securities Regulatory Commission. There is uncertainty as to whether the transaction will be approved in the shareholders' meeting and whether regulatory approval and registration can be obtained, and the time for obtaining relevant approvals and registrations is also uncertain. Investors are advised to pay attention to investment risks.
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