Group 1 - The company announced a conditional agreement to sell 100% equity of two subsidiaries, Shanghai Yinghao Microelectronics Technology Co., Ltd. and Chengdu Feihuan Electronics Co., Ltd., for a consideration of RMB 100,000 [1] - The total unaudited net liabilities of the target companies as of March 31, 2025, amount to approximately RMB 5.6 billion, and the company expects to gain a profit of about RMB 5.7 billion from the sale [1] - Post-transaction, the target companies will no longer be included in the company's consolidated accounts, and the expected sale will not generate a positive net cash inflow after related expenses [1] Group 2 - The target companies have been operating at a loss due to weak consumer market demand, with expected continued losses for the fiscal year ending December 31, 2023, and the fifteen months ending March 31, 2025 [2] - The company believes that the ongoing downturn in the IC product sales business in China will persist, making the continued operation of the target companies unfeasible [2] - The sale is seen as a strategic move to divest underperforming subsidiaries and liabilities, allowing the company to reallocate resources towards other business areas or explore new opportunities in the semiconductor industry, such as high-power renewable energy, energy storage, industrial automation, and AI chip applications [2]

Group 1 - The company announced a conditional agreement to sell 100% equity of two subsidiaries, Shanghai Yinghao Microelectronics Technology Co., Ltd. and Chengdu Feihuan Electronics Co., Ltd., for a price of RMB 100,000 [1] - The total unaudited net liabilities of the target companies as of March 31, 2025, amount to approximately RMB 5.6 billion, and the company expects to gain a profit of about RMB 5.7 billion from the sale [1] - Post-transaction, the target companies will no longer be included in the company's consolidated accounts [1] Group 2 - The target companies have been operating at a loss for the fiscal year ending December 31, 2023, and for the fifteen months ending March 31, 2025, due to weak consumer market demand [2] - The company anticipates that the downturn in the IC product sales business in China will continue for the foreseeable future, making the ongoing operation of the target companies unfeasible [2] - The sale is seen as a strategic move to divest underperforming subsidiaries and liabilities, allowing the company to reallocate resources towards other business areas or explore new opportunities in the semiconductor industry, such as renewable energy, energy storage, industrial automation, and AI chip applications [2]