On August 7, following the close of trading hours, PATEO Connected Car revealed that it had signed a share transfer agreement with the transferor (the actual controller of the target company) and the target company itself. The proposal entails a conditional acquisition of roughly 70% of the shares (amounting to 53,518,613 shares) in Chengdu Mingyi Electronic Technology Co., Ltd., with the total investment not surpassing 1.4 billion yuan. Chengdu Mingyi Electronic Technology is a Fabless semiconductor company, focusing on the research, development, and sales of high-speed optical communication chips, RF front-end chips, high-performance analog chips, and modules. It stands out as one of the few domestic companies capable of mass-producing single-channel 100G TIA electrical chips, with its products finding widespread application in data centers and access networks, among other settings.

The transferor has pledged that the target company's consolidated total revenue for the fiscal years 2026 to 2028 will reach no less than 480 million yuan, 620 million yuan, and 800 million yuan, respectively. Correspondingly, the annual pre-tax profits are expected to be no less than 45 million yuan, 90 million yuan, and 120 million yuan, respectively. Should these performance targets fall short, the transferor is committed to providing cash compensation. Furthermore, upon the conclusion of the performance commitment period, PATEO Connected Car is obliged to purchase the remaining 30% stake at the pre-agreed valuation (with the valuation of 100% equity not exceeding 2.5 billion yuan).