Core Viewpoint - Chipone Technology plans to acquire 97.007% equity of Chip Lai Technology, which is expected to constitute a major asset restructuring, with resumption of trading on September 12 [2][5]. Group 1: Acquisition Details - Chipone Technology will acquire 97.007% of Chip Lai Technology through a combination of issuing shares and cash payments, and will raise matching funds [2][10]. - The transaction will make Chip Lai Technology a wholly-owned subsidiary of Chipone Technology, as the company already holds 2.993% of its shares [10]. - The transaction partners include Xiaomi Industrial Investment, Zhongguancun Chip Innovation, and others [11]. Group 2: Market Context and RISC-V Development - Chip Lai Technology is one of the first companies in China to build an application ecosystem based on the RISC-V open instruction set architecture, which is gaining significant development opportunities driven by AI applications [5]. - The acquisition aims to establish an open RISC-V hardware platform and promote the rapid development of the RISC-V ecosystem in the Chinese market [5][16]. Group 3: Financial Performance - As of June 30, 2025, Chipone Technology reported total assets of 6.32 billion yuan, with a revenue of 974 million yuan for the first half of 2025, reflecting a year-on-year growth of 4.49% [17]. - The net profit attributable to shareholders was -320 million yuan, compared to -285 million yuan in the same period of the previous year [17][18]. - Chip Lai Technology has not yet achieved profitability, with net losses reported for 2023, 2024, and the first quarter of 2025 [19][21].

Core Viewpoint - The company plans to acquire a 97.007% stake in Chiplet Technology through a combination of share issuance and cash payment, which will make Chiplet Technology a wholly-owned subsidiary [1] Group 1: Transaction Details - The company currently holds a 2.9930% stake in Chiplet Technology, and upon completion of the transaction, it will fully own the company [1] - The stock will resume trading on September 12, 2025 [1] Group 2: Strategic Implications - The acquisition will enable the company to leverage its semiconductor IP and chip customization platform to enhance collaboration with Chiplet Technology in the RISC-V domain [1] - This move aims to accelerate the large-scale implementation of RISC-V technology, thereby increasing the company's market influence and technical barriers [1] - The transaction is expected to create long-term value for shareholders by establishing an open RISC-V hardware platform and fostering an open-source RISC-V software ecosystem [1] - The initiative is positioned to promote the rapid development of the RISC-V ecosystem in China [1]