Kaiweit: Plans to acquire 100% of Jingyi Semiconductor's shares, expected to constitute a major asset restructuring

Kiwit announced that the company plans to acquire 100.00% of the shares of Jinyi Semiconductor, which are held in the aggregate by 26 trading counterparties, including Yikun, Jingge Co-Gen, Jingge Co-Create, Jingge Co-Win, Jingge Top, Jingge Future, among others, by issuing shares and paying cash, and to raise supporting funds. As of the date of signing of the prospectus, the relevant audit and valuation work has not yet been completed. The financial data of the target assets and the valuation results will be disclosed in the restructuring report. This transaction is expected to constitute a major asset reorganization. The target company is a power semiconductor enterprise that adopts a Fabless operating model. It mainly focuses on two categories of power products: motor drive and power management. Its products are widely used in market segments such as high-end consumer electronics, home appliances, smart electric meters, optical modules, solid-state drives (SSDs), security and surveillance, communications, servers, and others.