Datang Investment Holding Development (Shanghai) Co., Ltd. signed an agreement to acquire 56.3752% stake in Datang Semiconductor Design Co. Ltd. from Datang Telecom Technology Co., Ltd. (SHSE:600198) for CNY 1.6 billion on October 10, 2023. Datang Semiconductor Design reported total assets of CNY 3,517,178,900 and Owners?

equity of CNY 2,545,687,200 as at May 2023. The transaction have been approved by board of Datang Telecom Technology. As on November 10, 2023, the transaction is approved by shareholders of Datang Telecom Technology Co., Ltd.