Sai Micro Electronics subsidiary adjusts partnership agreement

Beijing Sai Micro Electronics Co., Ltd.'s wholly-owned subsidiary, Beijing Saiwei Microelectronics Technology Co., Ltd., recently held a partners' meeting for Hangzhou Chuxin Micro Technology Partnership. During the meeting, the investment targets and plans for the partnership were confirmed. To enhance the efficiency of the general partner, Beijing Saiwei Microelectronics Technology Co., Ltd., in advancing partnership matters, the partners signed a "Supplementary Agreement to the Partnership Agreement" to modify certain aspects of the original agreement.

The supplementary agreement confirms that project investments and transaction proposals will be executed according to partners' meeting resolutions. It also clarifies that Beijing Saiwei Microelectronics Technology Co., Ltd., as the general partner, retains independent decision-making and execution authority in managing partnership affairs, including assisting limited partners with entry, withdrawal, and transfer of capital contributions. The partners agreed to cooperate reasonably on M&A loan matters for the partnership's objectives.

Key modifications include the partnership's right to change its name, business scope, and principal place of business, and to dispose of intellectual property and other property rights. All partners must agree to such changes and any external investments outside the original purpose. The supplementary agreement became effective upon signing by all partners and will revert to the original agreement if specified conditions are not met within the agreed timeframe.