On July 9, GRINM Semiconductor released an announcement addressing its unusual stock price fluctuations. The announcement revealed that the company had successfully secured a 60% stake in Anhui Jinglong Semiconductor Technology Co., Ltd. through a public auction. By the date of the announcement, GRINM Semiconductor had already signed a 'Property Rights Transaction Contract' with Chuzhou Nanqiao District State-owned Assets Operation Co., Ltd. and completed the corresponding payment. At present, Jinglong Semiconductor operates with a relatively limited production capacity and has not yet reached economies of scale. Consequently, there are uncertainties surrounding its future capacity expansion plans and the potential economic benefits. Given the impact of industry cycle fluctuations, changes in the market environment, and operational management capabilities, there may be risks of revenues and profitability falling short of expectations.