GenTech intends to acquire a 62.23% equity stake in Hanjing Semiconductors via a cash deal, set to transform Hanjing Semiconductors into its subsidiary upon completion. This transaction is neither a related-party affair nor a significant asset restructuring. Hanjing Semiconductors excels in the production of high-precision quartz and advanced ceramic materials, offering an array of products such as quartz tubes, boats, and rings. GenTech emphasized that this acquisition will bring in valuable customer resources, foster synergies, and propel the company's growth within the semiconductor core components sector.