Yingjixin (688209.SH): Plans to acquire control of Huimangwei and will continue to suspend trading on March 11

According to the Zhitong Finance App, Yingjixin (688209.SH) announced that the company is planning to pay cash and issue targeted convertible corporate bonds to purchase control of Huimang Microelectronics (Shenzhen) Co., Ltd. (hereinafter referred to as “Huimangwei” or the “subject of the transaction”), and also to raise supporting capital. Trading of the company's shares was suspended on March 4, 2025.

As of the date of the announcement, all parties involved are still actively promoting all aspects of this transaction, and the company does not expect to be able to resume trading after the opening of the market on the morning of March 11, 2025. Since there is still uncertainty about this transaction, in order to ensure fair disclosure of information, protect investors' interests, and avoid abnormal fluctuations in the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange and upon the company's application, trading of the company's shares has continued to be suspended since the opening of the market on the morning of March 11 (Tuesday), 2025. It is expected that trading will continue to be suspended for no more than 5 trading days.