Jimin Health (603222.SH) plans to indirectly hold shares in Great Wall Galaxy for 409 million yuan

Zhitong Finance App News, Jimin Health (603222.SH) announced that the company plans to use a total of 409 million yuan in cash to obtain 68.18% of CPC Huizhi's investment share by transferring the partnership shares of some partners of the Changsha Zhongdian Huizhi Investment Management Partnership (Limited Partnership) (“CITC Huizhi”), and have a wholly-owned subsidiary designated by the company as its general partner. China Telecom Huizhi holds 30% of the shares in Hunan Great Wall Galaxy Technology Co., Ltd. (“Great Wall Galaxy” for short). After the transaction is completed, the company will indirectly hold 20.4550% shareholders' rights and enjoy 30% of Great Wall Galaxy's voting rights through CPC Huizhi.

According to reports, Great Wall Galaxy has been deeply involved in the field of large-scale digital integrated circuits for many years and has developed a series of integrated circuit products under the “Galaxy Feiteng” brand, covering fields such as DSP chips, industrial SOC, artificial intelligence chips, and microcontroller chips. Currently, Great Wall Galaxy has more than 30 mature shelf chip products, providing comprehensive services to more than 1,500 customers represented by the top ten military industrial groups and supporting units, forming a long-term stable cooperative ecosystem. Great Wall Galaxy's series of integrated circuit products have been widely recognized by the industry, and its market position is at the leading level in China.

This investment in Great Wall Galaxy is of great strategic importance to the company. By integrating the high-quality assets of Great Wall Galaxy, it will open up a high value-added business circuit for the company, effectively cultivate a new sustainable growth engine, and further enhance the company's profitability, overall competitiveness and long-term investment value.