Unigroup Guoxin subsidiary forms joint venture for auto chip business

Unigroup Tongxin Microelectronics will co-invest to establish Unigroup Tongxin Microelectronics Technology (Beijing) Co., Ltd., with a registered capital of 300m yuan. Unigroup Tongxin will contribute 153m yuan, holding a 51% stake. The affiliated parties—Zhi Cheng Gao Yuan, Chuang Zhi Tong Wu, Chuang Zhi Tong Shi, Chuang Zhi Tong Qiu, and Chuang Zhi Tong Zhen—will collectively hold a 49% stake. Ningde Times New Energy Technology's subsidiary, Ask Investment, will also participate.

The new company aims to research, develop, produce, and sell automotive DCU chips. Following its establishment, Unigroup Tongxin Microelectronics Technology (Beijing) will acquire Unigroup Tongxin's automotive DCU chip business asset group, valued at 1.93bn yuan, representing an appreciation of 3,723.15% from its book value of 5.05m yuan. The transaction is classified as a connected transaction, approved by the board on December 25, 2025.

This joint investment is expected to enhance Unigroup Tongxin Microelectronics' market competitiveness, optimize its capital structure, and improve overall business performance by attracting external investment and incentivizing core personnel. The move is also anticipated to boost the company’s financing capability and strengthen its leading position in the automotive electronics industry.