en.Wedoany.com Reported - Youyan Silicon announced on July 7 that the company successfully acquired a 60% equity stake in Anhui Jinglong Semiconductor Technology Co., Ltd. through a public listing process. On July 6, 2026, the company received a "Notice of Qualified Bidder" from the Anhui Provincial Property Rights Trading Center, confirming that the company became the transferee of the 60% equity in Jinglong Semiconductor. On the same day, it signed a "Property Rights Transaction Contract" with the transferor, Chuzhou Nanqiao District State-owned Assets Operation Co., Ltd.
This transaction originated from the company's second board of directors' 17th meeting held on June 9, 2026, and the second extraordinary shareholders' meeting in 2026 held on June 25, 2026, which reviewed and approved the relevant resolutions to participate in the acquisition through public competitive bidding. On July 1, 2026, the company submitted application materials to the Anhui Provincial Property Rights Trading Center and paid a deposit of RMB 135,212,000.
According to the "Property Rights Transaction Contract," the subject of the transfer is a 60% equity stake in Anhui Jinglong Semiconductor Technology Co., Ltd., with a transfer price of RMB 450,706,920. The deposit paid by the company will be converted into part of the transaction price after the contract takes effect. The remaining transfer price of RMB 315,494,920 has been paid to the designated account of the Anhui Provincial Property Rights Trading Center as agreed. Both parties agreed that within 15 working days after Party B pays the full transaction price, Party A will cooperate in handling the industrial and commercial registration procedures for the transfer of equity.
After the completion of this equity acquisition, Youyan Silicon will hold a 60% stake in Jinglong Semiconductor, and Jinglong Semiconductor will become a controlled subsidiary of the company and be included in the consolidated financial statements. The announcement shows that the 433.5 million yuan in capital contributions previously owed by Chuzhou Xinlong Venture Capital Fund Partnership (Limited Partnership) has been fully paid in. The company stated that this equity acquisition will result in negative goodwill at the consolidated financial statement level, with the specific amount to be determined based on the audited and evaluated merger consideration allocation report. The transaction will not harm the interests of the company and all shareholders, particularly minority shareholders.
