JCET(SH:600584) Shang Hai Zheng Quan Bao·2025-09-29 22:29Transaction Overview - Jiangsu Changjiang Electronics Technology Co., Ltd. (the "Company") approved the acquisition of 80% equity in Shengdi Semiconductor (Shanghai) Co., Ltd. by its wholly-owned subsidiary, Changjiang Electronics Management Co., Ltd. The transaction price is approximately $62.4 million, subject to customary adjustments based on cash, liabilities, and net working capital at closing [2] - The acquisition has received necessary approvals from the State Administration for Market Regulation and the Shanghai Minhang District Planning and Natural Resources Bureau [3] Completion of the Transaction - On September 28, 2024, the transaction was completed, and Shengdi Semiconductor became an indirect subsidiary of the Company. The first payment of $26.219 million (including tax) was made on September 30, 2024 [3] - The second payment of $20.9735 million (including tax) was made on January 6, 2025 [4] Supplementary Agreement and Adjustments - On September 27, 2025, a supplementary agreement was signed due to an increase in working capital needs for Shengdi Semiconductor. The purchase price was adjusted downwards by $1.00356 million, and the third payment of $2.74044 million (including tax) was made on September 29, 2025 [5]