ChengDu Hi-Tech Development Co., Ltd. (SZSE:000628) agreed to acquire 28.506% stake in ChengDu Semi-Future Technology Co.,Ltd from Chengdu Hi-Tech Investment Group Co.,Ltd., Qingdao Qiande Investment Partnership (Limited Partnership) and Liu Jia for CNY 162.97 million on June 20, 2022. The consideration will be paid in cash. ChengDu Semi-Future recorded total assets of CNY 159 million, operating income of 28 million and net loss of 7 million.

The transaction is subject to approval from creditor bank. As of June 20, the creditor bank's consent has been obtained. The transaction has been reviewed and approved at the 43rd extraordinary meeting of the 8th board of directors of the company and is subject to approval from acquirer shareholders