Jiangsu Dagang subsidiary acquires controlling stake in Aike Integrated Circuits

Jiangsu Dagang announced that its wholly-owned subsidiary, Shanghai Minai Semiconductor Co., Ltd., has completed a 90 million yuan capital increase in Jiangsu Aike Integrated Circuit Co., Ltd. (Aike Integrated Circuits). This investment saw Aike Integrated Circuits' registered capital increase by 3,715.26 million yuan, with the remaining balance allocated to capital reserves.

Following the capital increase, Aike Integrated Circuits' registered capital has risen from 1,000 million yuan to 4,715.26 million yuan. Shanghai Minai now holds a 78.79% stake, making Aike Integrated Circuits a controlling subsidiary and integrating it into Jiangsu Dagang's consolidated financial statements.

The transaction, previously approved by the Ninth Board of Directors and the 2025 Second Extraordinary General Meeting of Shareholders, received approval from the state-owned assets authority. The capital increase agreement has been signed, and Aike Integrated Circuits has completed its industrial and commercial registration changes, obtaining a new business license.