Dashengda Berencana Memperoleh Saham 22.9831% Chipsen Semiconductor seharga 5.5 Miliar Yuan

Beijing Business Daily (Reporter Wang Manlei) reported that on the evening of March 18, Dashengda (603687) announced that the company plans to invest a total of 550 million yuan through equity transfer and capital increase to acquire 22.9831% of the equity in XinTong Semiconductor Technology (Xiamen) Co., Ltd. (hereinafter referred to as “XinTong Semiconductor”) after the completion of this transaction.

Specifically, Dashengda intends to acquire 2.7074% of XinTong Semiconductor’s pre-capital increase equity held by Hainan Dingzheng Private Equity Fund Partnership (Limited Partnership) for 27.86 million yuan, and 1.5961% of the pre-capital increase equity held by Yangzhou Qiming Equity Investment Partnership (Limited Partnership) for 22.14 million yuan. Additionally, it plans to inject 500 million yuan into XinTong Semiconductor as a capital increase. The capital increase will be completed in two phases: the first phase involves an increase of 250 million yuan under the conditions of the capital increase agreement, and the second phase, contingent on the successful tape-out of the company’s third-generation graphics processor and continued fulfillment of the first phase conditions, will also involve an increase of 250 million yuan. Meanwhile, the company’s controlling shareholder, Hangzhou Xinshengda Investment Co., Ltd., intends to invest 50 million yuan in XinTong Semiconductor at the same price and conditions as the company, acquiring 1.9608% of the equity after the transaction.

The announcement shows that XinTong Semiconductor was established in 2019 and is a pioneer in China specializing in the design, R&D, and sales of general-purpose high-performance graphics processor chips. Relying on an advanced architecture that deeply integrates graphics rendering, general computing, and artificial intelligence computing capabilities, the modern graphics processor chip system provides cloud and terminal customers with high-performance, sustainable iterative domestic graphics processing solutions to meet multi-scenario computing power needs from desktop applications to data centers. This transaction constitutes an associated transaction and does not constitute a major asset reorganization.