Xidiwei: Intends to Acquire 100% Equity of Chengxinwei, Expected to Constitute a Major Asset Restructuring, Resumption of Stock Trading

Jinshi data news on November 17th, Xidi Micro announced that the company intends to purchase 100% of Chengxin Micro’s shares held by Cao Jianlin, Cao Songlin, Chain Intelligence, and Hui Zhi Chuangxin in the form of issuance of shares and payment of cash, of which 55% of the transaction consideration will be paid by the listed company in the form of issuance of shares, and 45% of the transaction consideration will be paid by the listed company in cash. The company’s stock will resume trading from November 18, 2024. It is expected that after the completion of this transaction, the listed company’s asset size, operating income and other major financial indicators will be improved, which is in line with the interests of the listed company and all shareholders. This transaction is expected to constitute a major asset restructuring but not a related party transaction or a restructuring for listing.