Tailing Micro: Application for issuance of shares and payment of cash to purchase assets and raise supporting funds accepted by the Shanghai Stock Exchange

K-LinePoet

2026-03-11 16:29:12

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Tailing Micro Announcement: The company plans to purchase a total of 100% equity of Shanghai Panqi Microelectronics Co., Ltd. from 26 counterparties, including STYLISH TECH LIMITED, Shanghai Xinshan Enterprise Management Partnership (Limited Partnership), and Shanghai Songchi Investment Management Center (Limited Partnership), through issuing shares and paying cash, and raise supporting funds. The company received the “Acceptance Notice for the Application of Tailing Microelectronics (Shanghai) Co., Ltd. for Issuance of Shares to Purchase Assets and Raise Supporting Funds” issued by the Shanghai Stock Exchange on February 25, 2026. The SSE has decided to accept the application and will conduct a review in accordance with the law. The transaction is still subject to decision-making and approval procedures, including but not limited to approval by the SSE and registration with the China Securities Regulatory Commission.

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