Pietech Technology has made an announcement stating its intention to acquire a controlling interest in Wuxi Shangji Semiconductor Technology Co., Ltd. This acquisition will be executed through a combination of share issuance and cash payment, with plans to raise additional funds to support the transaction. At present, the deal is still in the preliminary planning phase, with auditing and evaluation processes yet to be finalized. Consequently, the valuation and pricing of the target assets are still pending determination.

Based on initial estimates, this transaction is not expected to qualify as a major asset restructuring, a related-party transaction, or a reverse merger. In line with regulatory requirements and to ensure fair disclosure, Pietech Technology has decided to suspend trading of its shares starting from June 29, 2026. The anticipated duration of this trading halt is no longer than 10 trading days.