On December 30, Biwin Storage disclosed that its wholly-owned subsidiary, Hainan Nanbaisuan, is set to purchase 380,066 shares of Niuxin Semiconductor. These shares, jointly held by Shanghai Chaoyue Moore and Suzhou Haisong, account for 0.8446% of Niuxin Semiconductor's total share capital. The acquisition will be funded with 20 million yuan from the company's own or self-raised capital. Among the other shareholders of Niuxin Semiconductor, the National Integrated Circuit Fund II stands out, as it holds over 5% of the shares. Moreover, Xu Linxian, the mother of Sun Chengsi—who is the actual controller and the majority shareholder of Biwin Storage—also has plans to acquire a 0.8446% stake in Niuxin Semiconductor. Given the familial connection, this deal qualifies as a related-party transaction. Niuxin Semiconductor is primarily engaged in the research and development of high-speed interconnection technologies, and its products find applications in various fields, including data centers, AI, and intelligent vehicles.
