If the objection to the transfer of equity is accepted, Jilin State-owned assets may take over ST Huawei or the situation may change.

The highly anticipated 16 billion acquisition of ST Huawei Micro's equity by Jilin Province State-owned Assets has encountered a slight change. It has been reported that ST Huawei Micro's former vice chairman, Wang Yufeng, recently received a notification letter from the Shanghai Stock Exchange, indicating that they will accept the objections raised by Wang Yufeng and his family regarding the transfer of ST Huawei Micro shares. Previously, ST Huawei Micro was fined by regulatory authorities due to a 1.49 billion yuan fund advance by its controlling shareholder Shanghai Pengsheng Technology Industrial Co., Ltd. According to the relevant regulations of the Shanghai Stock Exchange, the deadline for ST Huawei Micro to recover the above-mentioned advances is August 12, 2025. If they fail to do so by the deadline, they will face suspension of trading. If they still fail to make corrections within two months after the suspension, they will be delisted.