Runke (Shanghai) Equity Investment Fund Partnership (Limited Partnership) agreed to acquire 6.5% stake in Xipan Microelectronics (Chongqing) Co., Ltd. from China Resources Microelectronics Limited (SHSE:688396) for $2 million on August 14, 2020. On December 31, 2019, Xipan Microelectronics (Chongqing) reported total assets of $261.427 million, Net assets of CNY 142.15 million, operating revenue of CNY 0. The transaction is approved at the 14th meeting of the first board of directors of China Resources Microelectronics Limited.