Transaction Overview - The company is publicly transferring 3.3333% equity in Hefei Datang Storage Technology Co., Ltd. at a base price of 50 million yuan [1][2] - The remaining equity held by Datang Microelectronics in Hefei Storage will be 9.5485% after the transaction [1] - The transaction will be conducted through a public listing and does not constitute a related party transaction or a major asset restructuring [1][2] Purpose and Reason for the Transaction - The transaction aims to further focus on the core business of "security chips + special communications" and improve the company's asset quality [2] Financial Details - The book value of the equity being sold is 5.4405 million yuan, resulting in a premium of 819.04% based on the base transfer price [2] - The final transfer price will be determined by the market price at the time of the transaction [2][5] Approval and Procedures - The transaction is exempt from shareholder meeting approval as it meets specific criteria under the Shanghai Stock Exchange listing rules [3] - The board of directors has approved the transaction with no votes against it [2] Target Company Information - Hefei Storage was established on June 7, 2018, with a registered capital of 2,711.56465 million yuan [4] - The company specializes in integrated circuit design and related products [4][5] Financial Performance of the Target - As of the latest financial data, Hefei Storage has total assets of 357.1648 million yuan and total liabilities of 193.9508 million yuan, resulting in net assets of 163.214 million yuan [5] - The company reported a net loss of 39.6696 million yuan in the most recent period [5] Valuation and Pricing - The valuation of Hefei Storage's equity was assessed at 1,495.9781 million yuan, reflecting an increase of 803.30% over the book value [6][8] - The pricing is based on an evaluation report and is compliant with relevant regulations [11] Impact on the Company - The specific financial impact of the transaction on the company's performance will be determined in the audited financial statements for the year 2025 [11]

Core Viewpoint - Datang Telecom's subsidiary, Datang Microelectronics, is publicly transferring a 3.3333% stake in Hefei Datang Storage Technology Co., Ltd. for a base price of 50 million yuan, aiming to focus on its core business of "security chips + special communications" and improve asset quality [1] Group 1 - Datang Microelectronics plans to transfer its stake in Hefei Datang Storage Technology Co., Ltd. through a public listing on the Beijing Property Exchange [1] - The base price for the stake transfer is set at 50 million yuan [1] - After the transaction, Datang Microelectronics will retain a 9.5485% stake in Hefei Datang Storage [1] Group 2 - The transaction is intended to further concentrate on the main business areas of security chips and special communications [1] - The company aims to enhance the quality of its assets through this transaction [1] - According to the Shanghai Stock Exchange Listing Rules, this transaction is exempt from requiring shareholder meeting approval [1]