On March 27, KWT made an announcement revealing its intention to acquire a 100% stake in Jingyi Semiconductor. This acquisition will involve 26 transaction entities, including Yikun and Jingge Gongzhi, and will be executed through a combination of share issuance and cash transactions, along with raising matching funds. At present, the necessary audit and evaluation processes are still underway, with detailed financial data and valuation outcomes of the target assets slated for disclosure in the forthcoming restructuring report. This strategic move is anticipated to constitute a major asset restructuring for KWT.
It's worth noting that Jingyi Semiconductor operates as a power semiconductor company under the Fabless business model, concentrating on two primary product lines: motor drivers and power management solutions. Its offerings enjoy widespread application across diverse market segments, encompassing high-end consumer electronics, household appliances, smart meters, optical modules, solid-state drives, security systems, communications infrastructure, servers, and beyond.
Trading of KWT's shares is scheduled to recommence on March 30, 2026, coinciding with the market's opening bell.