Telink Semiconductor intends to acquire shares in Shanghai Panqi Microelectronics via a combination of share issuance and cash payments, while simultaneously raising supporting funds. This transaction does not constitute a material asset restructuring or a related-party transaction, and it will not result in a change in the company's actual controller. Commencing on August 25, 2025, the company's stock will be suspended, with an anticipated suspension period of no more than 10 trading days.