Core Viewpoint - The company, Weike Precision, is acquiring 100% equity of Shaoxing Weixin Youke Precision Parts Co., Ltd. from Tancon Precision Engineering for $2 million, aiming to enhance its capabilities in the semiconductor industry [1][2]. Group 1: Equity Transfer Agreement - On October 21, Weike Precision signed an equity transfer agreement to acquire 100% of Weixin Youke, which was established in August 2025 and has not yet commenced actual operations [1]. - The registered and paid-in capital of Weixin Youke is $2 million [1]. - Tancon Precision Engineering, the current shareholder, holds 69.62% of Weike Precision's shares [1]. Group 2: Strategic Development in Semiconductor Industry - Post-acquisition, Weike Precision plans to utilize Weixin Youke to develop, design, produce, and sell precision components and automated production lines for the semiconductor industry, thereby enhancing its market supply capacity [2]. - The company has successfully developed high-performance, high-reliability components suitable for power semiconductors, which have been validated by leading manufacturers [2]. Group 3: Joint Investment Fund - Weike Precision has signed a joint venture agreement with ChipLink Private Fund Management to establish a private fund in Shaoxing, Zhejiang, aimed at investing in semiconductor-related projects [3]. - The local government is expected to contribute approximately 30% to the fund, while ChipLink Integrated Circuit Manufacturing will contribute no less than 65% [3]. - This investment initiative is intended to expand the production capacity of high-end precision components and enhance the company's competitiveness in the semiconductor and automotive sectors [3].