GigaDevice: The company holds only 1.8% of Changxin Technology's current total share capital, a relatively small percentage.

According to ME News, on May 26 (UTC+8), GigaDevice Semiconductor issued an abnormal trading announcement, stating that the company's stock price had deviated by more than 20% cumulatively over the past three trading days, constituting an abnormal stock trading fluctuation. The company has recently noticed some online media reports claiming that its stock is a related concept stock to the initial public offering (IPO) and listing of Changxin Technology Group Co., Ltd. The company hereby clarifies the relevant situation as follows: As of the date of this report, the company holds only 1.8% of Changxin Technology's current total share capital, a relatively small shareholding, and the company cannot exert significant influence over its production and operation decisions. The company's related investments in Changxin Technology are accounted for under the "Other Equity Instrument Investments" item, and the fair value changes resulting from Changxin Technology's IPO and listing have no direct impact on the company's net profit for the current and subsequent years. (Jinshi) (Source: ME)