On January 21, Price Chip Technology made a public announcement, revealing its intention to acquire a full 100% stake in Jishun Technology, as well as a 17.15% equity share in Shunlei Technology. These stakes are currently held by Sheng Feng, Li Hui, and other stakeholders. The acquisition strategy involves the issuance of convertible corporate bonds coupled with cash payments, and the company will also seek to raise matching funds to facilitate the transaction. Upon successful completion of the deal, Price Chip Technology will secure direct or indirect ownership of 100% equity in both Jishun Technology and Shunlei Technology. Preliminary estimates indicate that this transaction is poised to qualify as a major asset restructuring. However, it does not meet the criteria for a restructuring listing or a related-party transaction. On August 3, 2025, the pertinent proposals received approval.
As of the announcement date, Price Chip Technology is actively progressing with the restructuring endeavors. The company is organizing intermediary institutions to undertake the necessary tasks and is maintaining open lines of communication with all involved parties. Nevertheless, it's important to note that the transaction is still subject to internal decision-making processes and regulatory approvals. Consequently, there remains an element of uncertainty surrounding the final outcome.
