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Jingfeng Mingyuan intends to acquire the entire 100% equity of Sichuan Echarge Technology for a total consideration of RMB 3.283 billion, financed through a combination of share issuance and cash payment. Additionally, the company will raise supplementary funds to support this transaction, which marks a pivotal asset restructuring initiative. Echarge Technology specializes in the R&D, design, and marketing of advanced analog and digital-analog mixed-signal chips, notably wireless charging chips and general charging chips, with its product portfolio spanning diverse sectors including automotive power management chips. This acquisition is poised to bolster Jingfeng Mingyuan's technological prowess and international presence, while also enriching its product lineup.
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