Core Viewpoint - The company plans to acquire 100% equity of ChipMic Semiconductor (Jiaxing) Co., Ltd. for a total consideration of RMB 316.11 million, which will make ChipMic a wholly-owned subsidiary and included in the company's consolidated financial statements [1] Group 1: Acquisition Details - The acquisition price is set at RMB 316.11 million, and upon completion, ChipMic will be fully integrated into the company's operations [1] - ChipMic possesses a strong core team and established R&D capabilities in the wireless communication sector, with six chip models already completed and generating revenue in IoT modules and smart student cards [1] Group 2: Strategic Benefits - The acquisition will enhance the company's technical capabilities in cellular communication and Wi-Fi technology, creating a multi-dimensional communication technology stack that includes "cellular communication + optical communication + Wi-Fi" [1] - The integration of ChipMic's communication technology will expand the company's AIoT product applications in wide-area network (WAN) scenarios, leveraging the company's existing partnerships with over 250 global operators [1] Group 3: Product Development - The combined technology will meet the high intelligence, high data volume, and high computing power demands in the automotive sector, facilitating advanced communication solutions for smart cockpits and assisted driving [1] - The integration will also enhance the company's W series product line, advancing towards higher bandwidth Wi-Fi 7 and lower power consumption Wi-Fi 1x1 products [1]