Yingxin Development: Plans to acquire 60% equity of Guangdong Changxing Semiconductor for 520 million yuan.

Yingxin Development Announcement stated that the company plans to acquire 60% equity of Guangdong Changxing Semiconductor for 520 million yuan in cash. After the completion of the transaction, Changxing Semiconductor will become a subsidiary of the company. The target company Changxing Semiconductor has been deeply involved in the packaging and testing of NAND Flash chips for many years, with mature packaging capacity, excellent packaging technology and resources in the upstream and downstream industries. After the completion of the transaction, the target company will be included in the consolidated financial statements of the listed company. It is expected that the storage chip business will contribute to the company's revenue growth and improve profitability. The purpose of this transaction is to allow the listed company and all shareholders to share the value brought by the rapid growth of the storage chip industry and enhance investment returns.