On August 21, Mingyang Smart Energy made an announcement stating its intention to fully acquire Zhongshan Dewei Chip Technology Co., Ltd. This acquisition will be executed through a combination of share issuance and cash payment, with plans also in place to raise matching funds. Although this transaction involves a related party, it is not anticipated to meet the criteria for a major asset restructuring. Following a response to an inquiry letter from the Shanghai Stock Exchange and a revision of the restructuring plan, the company's shares resumed trading on January 23, 2026. Given the expectation that the notice for the shareholders' meeting cannot be issued within six months after the announcement of the board resolution, the company has provided a special explanation to clarify the situation. At present, the auditing, evaluation, and legal due diligence processes related to the transaction are in progress. However, no formal agreements have been signed by the involved parties, and several approval procedures are still pending. Consequently, there remains a degree of uncertainty regarding whether the transaction will ultimately be carried out.