Huaqin Co., Ltd. (Huaqin) has finalised the acquisition of a 5.00% equity stake in Nexchip Semiconductor through its wholly owned subsidiary Hefei Qinhe, according to a disclosure dated 20 May 2026.

The transaction—first announced on 28 April 2026—covered 100.38 million Nexchip shares at RMB26.41 per share, resulting in a total cash consideration of RMB2.65 billion. China Securities Depository and Clearing Corporation issued the Certificate of Securities Transfer Registration, confirming 19 May 2026 as the share-transfer completion date.

Before the deal, Huaqin directly held 6.00% of Nexchip. Post-completion, direct ownership remains unchanged while Hefei Qinhe’s new stake brings the group’s aggregate holding to 11.00%, equivalent to 220.75 million shares.

Huaqin stated that the acquisition and payment terms adhered strictly to the previously disclosed Share Transfer Agreement with vendor Powerchip Innovation.