Huaqin Technology Co., Ltd. (HUAQIN) has announced that on July 10, 2026, its wholly-owned subsidiary Huaqin Communications acquired a total of 1,628,200 H-shares of Nexchip Semiconductor Corporation (NEXCHIP) through on-market transactions on the Stock Exchange of Hong Kong.

The shares represent about 0.07% of Nexchip's total issued share capital as of the announcement date, with a total consideration of approximately HK$56.41 million, inclusive of transaction costs, equating to an average price of about HK$34.65 per share.

Following the completion of this acquisition, the group holds approximately 10.00% of Nexchip's total issued share capital.

Rationale for the Strategic Move

The acquisition demonstrates the group's sustained confidence in the future development prospects and recognition of the long-term investment value of Nexchip.

Through this purchase and its commitment to a long-term holding of Nexchip equity, the group aims to deepen the integration of resources and synergies across the industry chain's upstream and downstream sectors.

This move represents a key strategic investment initiative, providing an opportunity to further explore potential cooperation in various business areas and projects, including industrial investment, with the goal of enhancing the group's overall competitiveness and market position.