Sichuan Tianwei Electronics Co., Ltd. announced on September 7, 2026, that its board of directors has approved the termination of the acquisition of a 60% equity stake in Chengdu Xiuwei Technology Development Co., Ltd. and the related capital increase and share expansion. The company had previously disclosed on July 30, 2026, that it planned to acquire a 60% controlling stake in Xiuwei Technology for a total of 90 million yuan, comprising a capital increase of 75 million yuan and an equity transfer of 15 million yuan. The company stated that due to changes in the external environment and objective factors related to the transaction, after careful assessment and mutual agreement with the counterparty, it decided not to proceed with the transaction. No binding transaction documents have been signed by any party to date, and the termination of the plan will not have an adverse impact on the company's operating performance, nor will it affect its future development strategy.
Sichuan Tianwei Electronic Co LtdTerminates planned 90 million yuan acquisition of 60% stake in Xiuwei Technology, but states no adverse impact on operations or strategy.
