On June 18, Hefei New Huicheng Microelectronics Co., Ltd. made an announcement stating its plan to co-invest 700 million yuan alongside its affiliated entities, Bairuifa Holdings Co., Ltd. and Hong Kong Huiwei Integrated Holdings Co., Ltd., to establish Hefei Jingruiwang Technology Co., Ltd. Specifically, Huicheng Co., Ltd. will contribute 400 million yuan, securing a 57.14% ownership stake; Bairuifa will invest 200 million yuan, holding a 28.57% stake; and Hong Kong Huiwei will invest 100 million yuan, obtaining a 14.29% stake. Upon the formation of the joint venture, it will acquire, at no cost, 100% of the equity of Shanghai Zhenglong Xinchuang Microelectronics Co., Ltd., which is currently held by Hong Kong Huiwei. Zhenglong Xinchuang was established on May 18, 2026, with a registered capital of 20 million yuan and no paid-in capital to date. The company currently possesses no assets and has not yet initiated any actual business operations. Following the acquisition, Zhenglong Xinchuang will become a fully-owned subsidiary of Jingruiwang, taking on the responsibilities for the research and development, as well as the business introduction, of HITS advanced packaging technologies and processes.