TCL Zhonghuan has announced plans to acquire a 65.80% stake in Zhonghuan Leading from 50 counterparties, including Wuxi Chanda, TCL Technology, and Guotou Jixin, through a share issuance. The company also intends to raise supporting funds from no more than 35 specific investors, including TCL Technology. Zhonghuan Leading serves as the operating entity for the listed company's semiconductor materials business. This transaction involves the acquisition of minority equity in a controlled subsidiary and is expected to constitute a major asset restructuring. As of the date of the preliminary plan announcement, the audit and valuation of the target assets have not yet been completed, and the preliminary valuation and transaction price have not been finalized. The company's stock will resume trading at market opening on November 16, 2026. The transaction remains subject to re-deliberation by the board of directors, approval by the shareholders' meeting, review by the Shenzhen Stock Exchange, and registration approval by the CSRC, and is subject to uncertainties.