Fudan Micro plans to acquire 32.43% of the shares of Mouxin Technology to expand its SoC chip business

On January 26, Fudan Microelectronics issued an announcement stating that in order to implement the company's development strategy and promote the development of the company's main business, the company and Mouxin Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Mouxin Technology" or "Target Company")'s shareholder Lhasa Junqi Enterprise Management Co., Ltd. (hereinafter referred to as "Lhasa Junqi") signed the "Equity Transfer Intention Agreement between Shanghai Fuhang Microelectronics Co., Ltd. and Lhasa Junqi Enterprise Management Co., Ltd. on Mouxin Technology (Shanghai) Co., Ltd." (hereinafter referred to as the "Equity Transfer Intention Agreement I"), and signed the "Equity Transfer Intention Agreement between Shanghai Fuhang Microelectronics Co., Ltd. and Shanghai Lingxin Enterprise Management Center (Limited Partnership) (hereinafter referred to as "Shanghai Lingxin"), Shanghai Shiqing Enterprise Management Center (Limited Partnership) (hereinafter referred to as "Shanghai Shiqing") and Yang Songtao on Mouxin Technology (Shanghai) Co., Ltd." (hereinafter referred to as the "Equity Transfer Intention Agreement II"), and Mouxin Technology's shareholders Shanghai Lingxin Enterprise Management Center (Limited Partnership) (hereinafter referred to as "Shanghai Lingxin"), Shanghai Shiqing Enterprise Management Center (Limited Partnership) (hereinafter referred to as "Shanghai Shiqing") and Yang Songtao. The company intends to acquire 32.43% of the equity of Mouxin Technology by paying cash (hereinafter referred to as the "Transaction").

After the completion of this transaction, the company's shareholding ratio in Mouxin Technology will change from 18.57% to 51%, and Mouxin Technology will become a wholly-owned subsidiary of the company.

Tianyancha shows that Mouxin Technology was established in March 2018 and is located in Shanghai Zhangjiang Hi-Tech Park. It is a company focusing on the development of ultra-large-scale intelligent audio and video processor SoC chips and related solutions. It has rich experience in ultra-large-scale SoC chip design, high-speed peripheral interface and analog IP design, low-power design, high-definition video intelligent processing, compression and storage, high-definition display, etc. Its main products are the main processor SoC chips for the back-end equipment of intelligent video surveillance systems (DVR, NVR, etc.) and the main processor SoC chips for smart home electronic devices with screen displays. The market for such products has broad development prospects in the future.

Fudan Microelectronics said that this investment is an extension and expansion of the company's product line, which is conducive to further optimizing the business system of the listed company, improving the industrial layout, and helping the company to implement vertical integration and build an overall competitive advantage in the business chain. It will help enrich the company's product line, enhance the company's sustainable profitability, and safeguard the interests of all shareholders of the listed company.