Datang Microelectronics waives right of first refusal in associate

Datang Microelectronics Technology Co., a subsidiary of Datang Telecom Technology Co. (SSE:600198), has announced its decision to waive its right of first refusal for 4.5333% equity in its associate, Hefei Datang Storage Technology Co. This stake, held by Hefei Cixu Technology Co., is being transferred to Yangzhou Economic Development Zone High-Quality Equity Investment Fund (Limited Partnership) for RMB 68,000,000. Following this transaction, Datang Microelectronics' 12.8819% ownership in Hefei Datang Storage will remain unchanged.

The decision was approved by Datang Telecom's board of directors on October 9, 2025. The transaction is not considered a related-party transaction or a major asset restructuring and does not require shareholder approval, as it falls below the thresholds stipulated by the Shanghai Stock Exchange Listing Rules.

As of October 31, 2024, Hefei Datang Storage reported total assets of RMB 35,716.48 and net assets of RMB 16,321.40, with a net loss of RMB 3,966.96 for the ten months ended October 31, 2024. The waiver of the right of first refusal is not expected to change Datang Telecom’s consolidated financial statement scope or negatively impact its financial or operational performance.