HUAQIN Co., Ltd. (HUAQIN) disclosed that its wholly owned subsidiary, Huaqin Telecom Hong Kong Limited, acquired 6.26 million H shares of Nexchip Semiconductor Corporation on 17 July 2026 via on-market purchases on the Hong Kong Stock Exchange. The shares represent about 0.28% of Nexchip’s issued share capital and were bought at an average price of HK$30.21 per share, translating to an aggregate consideration of HK$189.12 million, settled entirely with internal funds.

Following this transaction, HUAQIN’s aggregate holding in Nexchip has risen to approximately 10.48% of the latter’s issued share capital. The latest deal builds on a series of earlier purchases: 6.0% in August 2025, 5.0% in May 2026, 0.07% on 10 July 2026 and 0.20% on 16 July 2026. Under Hong Kong Listing Rule 14.22, these transactions are aggregated; the combined size exceeds the 5% but remains below the 25% threshold, classifying the series as a discloseable transaction subject to reporting and announcement requirements without needing shareholder approval.

Nexchip, a pure-play 12-inch semiconductor foundry listed on both the STAR Market (Shanghai) and Hong Kong Main Board, reported the following financial performance (China Accounting Standards): • Revenue: RMB9.25 billion in 2024, RMB10.89 billion in 2025, and RMB2.91 billion in 1Q 2026. • Profit after tax: RMB0.48 billion in 2024, RMB0.47 billion in 2025, and RMB28.52 million for 1Q 2026. • Net profit attributable to shareholders: RMB0.53 billion in 2024, RMB0.70 billion in 2025, and RMB50.66 million for 1Q 2026. • Total assets reached RMB54.71 billion and net assets attributable to shareholders stood at RMB21.92 billion as at 31 March 2026.

HUAQIN stated that the incremental investment reflects confidence in Nexchip’s long-term prospects and aims to deepen upstream–downstream collaboration within the semiconductor value chain, reinforcing HUAQIN’s competitive positioning. Management believes the cash-funded purchase will not have a material adverse impact on the group’s financial position.

HUAQIN, listed in Shanghai and Hong Kong, operates a smart product platform integrating AI, IoT, big data and communications technologies. Huaqin Telecom functions as its Hong Kong-based overseas investment vehicle.