On September 11, VeriSilicon Holdings made an announcement regarding its plan to acquire a stake in Xinlai Zhirong Semiconductor Technology (Shanghai) Co., Ltd. The acquisition will be executed through a combination of share issuance and cash payment, with concurrent efforts to raise matching funds. Since the market opened on August 29, 2025, trading of the company's stock (with the securities abbreviation "VeriSilicon Holdings" and securities code "688521") has been temporarily halted. The anticipated duration of this trading suspension is not expected to exceed 10 trading days.

On September 11, the pertinent proposal was duly approved at the third meeting of the third session of the company's board of directors. Following an application, it has been confirmed that trading of the company's stock will recommence from the market opening on September 12. It's important to note that this transaction is still contingent upon further approvals. Specifically, it requires the green light from the company's board of directors and shareholders' meeting. Additionally, it must undergo review and approval by the Shanghai Stock Exchange, along with obtaining registration consent from the China Securities Regulatory Commission.