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On September 15, Amlogic Holdings made a public announcement stating its intention to acquire 100% of the equity stake in Xinmaiwei Semiconductor (Jiaxing) Co., Ltd., with a total cash consideration of RMB 316 million. Once the deal is finalized, Xinmaiwei will transform into a wholly-owned subsidiary of Amlogic Holdings and will be integrated into the latter's consolidated financial statements. It's important to note that this transaction neither qualifies as a related-party transaction nor falls within the scope of major asset restructuring as outlined in the 'Administrative Measures for the Restructuring of Major Assets of Listed Companies'. The transaction has already received approval from the 21st meeting of the third session of the company's board of directors and, as such, does not necessitate submission for approval at the shareholders' meeting.
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