On November 4, Puran Shares announced plans to acquire the 49% equity interest in Noah Changtian held collectively by Zhuhai Nuoyan, Yuanhe Puhua, and Hengqin Qiangke. The acquisition will be executed through a combination of share issuance, convertible corporate bonds, and cash payments, alongside raising supporting funds, with a transaction price of RMB 247.058 million. Upon completion of the transaction, Noah Changtian will become a wholly-owned subsidiary of the company, and its subordinate target company, SHM, will become a wholly-owned subsidiary at the second level. Noah Changtian possesses 2D NAND and derivative storage chip products targeting the mid-to-high-end market, with applications in fields such as industrial control, home appliances, security, wearables, and intelligent terminals. The company has a solid customer base, with hundreds of active end customers, and strong global competitiveness.