On December 23, Fudan Microelectronics disclosed that Fuxin Fangao and Guosheng Investment had entered into a Share Transfer Agreement. Under the terms of this agreement, Guosheng Investment will purchase, through a negotiated deal, 107 million A-shares of Fudan Microelectronics currently held by Fuxin Fangao. These shares constitute 12.99% of the company's total equity, with the entire transfer valued at RMB 5.144 billion. Upon completion of the transfer, Guosheng Investment is set to become the largest shareholder of Fudan Microelectronics. Nevertheless, this share transfer is contingent upon obtaining approvals or filings from internal decision-making entities, relevant state-owned asset supervision and management bodies, as well as other administrative authorities. Additionally, it necessitates compliance confirmation from the Shanghai Stock Exchange. Consequently, there remains some uncertainty as to whether the transfer will be finalized successfully.