On May 30, Fulede announced its intention to acquire 100% of the equity in Jiangsu Fulehua Semiconductor Technology Co., Ltd. through the issuance of shares and convertible corporate bonds, along with plans to raise supplementary funds. This transaction constitutes a related-party deal. The Mergers and Acquisitions Reorganization Examination Committee of the Shenzhen Stock Exchange, during its meeting on May 29, reviewed the transaction and deemed it to comply with the standards for reorganization and information disclosure.
