Anda Smart Plans to Acquire Remaining 20% Stake in Andong Semiconductor for 0 Yuan

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Anda Smart announced that it plans to acquire the 20% equity stake in its controlling subsidiary Andong Semiconductor held by Linchuang Partnership for a consideration of 0 yuan. Upon completion of the transaction, it will hold 100% equity in Andong Semiconductor. This transaction constitutes a related-party transaction but does not constitute a major asset restructuring.

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Its 20% stake held by Linchuang Partnership is to be transferred to parent Anda Smart for 0 yuan, making it a wholly owned subsidiary.