Core Viewpoint - The chairman of Zhenlei Technology, Yu Faxin, is under investigation and cannot perform his duties, but the company's control remains unchanged and operations continue normally [1][4]. Company Management - During Yu Faxin's absence, board member Zhang Bing will temporarily assume the responsibilities of the chairman, while other board members and senior management continue their roles without interruption [4]. Company Profile - Zhenlei Technology focuses on the research, production, and sales of integrated circuit chips and microsystems, providing technical services related to these products. Its main products include RF transceiver chips, high-speed high-precision ADC/DAC chips, and power management chips, serving both military and civilian applications [7]. Financial Performance - In the first half of 2025, Zhenlei Technology reported a revenue of 205 million yuan, a year-on-year increase of 73.64%, and a net profit attributable to shareholders of 62.32 million yuan, a significant increase of 1006.99% [7]. - The company experienced a substantial decline in net profit in 2023 and 2024, but has shown high growth in the first half of 2025 [7]. Shareholding and Market Performance - As of September 19, 2025, Yu Faxin holds approximately 45 million shares, representing a 21.04% stake in the company, with a market value of about 3.1 billion yuan based on the stock price of 69.5 yuan per share [7]. - The stock price of Zhenlei Technology has increased by 98.57% year-to-date, with a total market capitalization of 14.88 billion yuan as of September 19 [7].

Core Viewpoint - The announcement regarding the suspension of the chairman's duties due to investigation does not significantly impact the company's operations, which remain normal and well-managed [4]. Group 1: Company Announcement - On September 21, the company disclosed that its actual controller and chairman, Yu Faxin, is under investigation and cannot perform his duties [1][4]. - The company confirmed that there has been no change in control and that daily operations are managed by senior management [4]. - The board of directors continues to function normally, with Director Zhang Bing temporarily assuming the chairman's responsibilities [4]. Group 2: Financial Performance - In the first half of 2023, the company reported a significant increase in net profit, achieving a year-on-year growth of 1006.99% with a net profit of approximately 62.32 million yuan [5][6]. - The company's revenue for the same period reached 205 million yuan, reflecting a year-on-year increase of 73.64% [6]. Group 3: Shareholder Activity - On August 13, the company announced a plan for shareholders to transfer approximately 8.31 million shares, representing 3.88% of the total share capital, due to funding needs [6][7]. - The transfer price was set at 53.52 yuan per share, with a total of 17 institutional investors participating in the purchase [7]. - Following the transfer, the shareholding of Yu Faxin and his associates will decrease from 32.62% to 28.74%, resulting in a cash-out of approximately 444 million yuan [7].