Microgate completes acquisition and supporting fund raising

Shenzhen Microgate Technology has successfully completed its asset acquisition and supporting fund-raising efforts. The company acquired 100% equity in Huizhou Anke Yuan Magnetic Devices Co., Ltd., and a 20% minority stake in Chengdu Jinzhichuan Electronics Co., Ltd. for a total consideration of yuan 180,200,000.00, involving both share issuance and cash payment.

Following the acquisition, Anke Yuan is now a wholly-owned subsidiary, and Microgate's stake in Jinzhichuan increased to 87.50%. The associated private placement raised yuan 101,399,996.28 by issuing 8,492,462 new shares to four institutional investors at yuan 11.94 per share. These new shares are subject to a six-month lock-up period and are scheduled for listing on December 16, 2025. The transaction resulted in an increase in the company's total share capital to 887,588,324 shares.