Group 1 - Company announced that its actual controller and chairman Wang Yihui is under investigation by Beijing Public Security Bureau, but the investigation is unrelated to the company's daily operations [1] - The board of directors appointed CEO Qian Jinzhu to perform the duties of chairman and legal representative until Wang Yihui resumes his duties or a new officer is elected [1] - The company stated that its governance structure and internal control systems are sound, and daily operations are managed by the executive team, ensuring normal business operations [1] Group 2 - Company is planning to invest approximately 854 million yuan to acquire 62.98% of Beijing Shudu Information Technology Co., Ltd., which will become a subsidiary included in the consolidated financial statements [2] - Shudu Technology specializes in high-speed interconnect chip design and development, focusing on ASIC chip customization services, with its core product being PCIe high-speed switching chips [2] - This transaction is seen as a key opportunity for the company to enter the high-value digital chip sector, aligning with its strategic goal of transforming into a digital technology business and creating new growth points [2]

Group 1 - Wante Development plans to invest 854 million yuan to acquire 62.98% stake in Shudu Technology through capital increase and equity transfer [1] - Shudu Technology specializes in high-speed interconnect chip design and development, providing ASIC chip customization services, with its core product being PCIe high-speed switch chips [1] - PCIe high-speed switch chips are essential for AI servers, facilitating efficient data transfer between CPUs and GPUs, and are critical components for building Scale-up supernode solutions [1][2] Group 2 - Currently, the mid-to-high-end PCIe switch chip market is dominated by imports, particularly by US firm Broadcom in the AI server sector [2] - The global PCIe switch chip market was approximately 4.58 billion USD in 2022, with a projected growth to 13.53 billion USD by 2030, reflecting a compound annual growth rate of 14.5% from 2022 to 2030 [2] - The demand for PCIe switch chips in the AI server sector is expected to grow rapidly, with domestic accelerated computing servers projected to have a compound growth rate of 35% from 2025 to 2029 [2] Group 3 - This acquisition is a strategic move for Wante Development to enter the high-value digital chip sector, aligning with its goals in the digital technology field [3] - The transaction is expected to enhance the company's business growth and improve its development quality by injecting high-quality chip design assets into the listed company [3] - Prior to the announcement of the acquisition, Wante Development's stock price reached a limit up, closing at 7.63 yuan per share, with a total market value of 14.42 billion yuan as of August 8 [3]