Core Viewpoint - ChipLink Integration (芯联集成) is transferring its testing business assets, including equipment, patents, and proprietary technologies, to a joint venture named Shanghai ChipPort Testing Semiconductor Co., Ltd. for a minimum consideration of 458 million yuan [1][2]. Group 1: Asset Transfer Details - The joint venture aims to enhance project development and operational independence, with ChipLink's subsidiary, ChipLink Pioneer Integrated Circuit Manufacturing (绍兴) Co., Ltd., investing 200 million yuan for a 50% stake in the venture, which has a registered capital of 400 million yuan [1]. - The asset evaluation conducted by Walkson (Beijing) International Asset Appraisal Co., Ltd. determined the value of the assets to be 458 million yuan, reflecting an increase of 261 million yuan and a growth rate of 132.68% [1][2]. Group 2: Reasons for Asset Value Increase - The increase in asset value is attributed to the presence of second-hand equipment, price hikes of certain devices, and fluctuations in exchange rates for imported equipment. Additionally, the net value increase is due to the depreciation policy being applied over a shorter period than the economic lifespan of the equipment [2]. - The intangible assets involved in the transaction are considered off-balance-sheet assets with no book value, contributing to the overall increase in asset valuation [2]. Group 3: Financial Performance - In the first half of 2025, ChipLink reported a 63.82% reduction in net loss attributable to the parent company, with a net profit of 12 million yuan in the second quarter, marking the first positive quarterly result. The gross margin improved by 7.79 percentage points to 3.54%, while EBITDA reached 1.101 billion yuan, with an EBITDA margin of 31.51% [2]. Group 4: Impact on Company Operations - The company asserts that the asset transfer will not adversely affect its ongoing operations, profitability, or asset independence. There will be no changes in management, personnel arrangements, or land leasing as a result of this transaction [3]. - Future business cooperation with ChipPort Testing will be conducted based on the company's needs, with adherence to relevant approval procedures for related transactions [3].