On August 18th, Kingsemi revealed its intention to publicly list and transfer its 50% ownership stake in its controlled subsidiary, Guangzhou Xinzhi Technology Co., Ltd., through the Beijing Equity Exchange. The reserve price for this transaction will be established following the evaluation value (for filing purposes) that has received approval from the relevant state-owned assets authorities. As of June 30, 2026, the recorded book value of this stake stands at 30 million yuan. Presently, the transaction is still undergoing necessary procedures, including state-owned asset approval, filing, and public listing, and is currently in the preliminary information disclosure phase. The identity of the counterparty and the final transaction price remain undetermined at this juncture.
