Pan Shi Hong Kong Company Limited signed a share transfer agreement to acquire 9.74% stake in JCET Group Co., Ltd. (SHSE:600584) from China Integrated Circuit Industry Investment Fund Co., Ltd. managed by Huaxin Investment Management Co., Ltd. for CNY 5 billion on March 26, 2024. The acquisition needs to obtain the review and approval of the competent state-owned assets regulatory agency and other possible approvals or approvals required by relevant laws and regulations. It still needs to obtain compliance confirmation from the Shanghai Stock Exchange and complete the transfer related procedures at the Shanghai Branch of China Securities Depository and Clearing Co., Ltd.