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New Phase Micro Plans to Acquire AiXieSheng! The Deal is Expected to Constitute a Significant Asset Restructuring

CINNO 2025-03-04 11:41:35

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On the evening of March 3, XinXiangwei announced that it is planning to acquire the controlling stake in Shenzhen Aixiesheng Technology Co., Ltd. through the issuance of shares and payment of cash, while also raising additional funds.

XinXiangwei stated that this transaction is initially expected to constitute a significant asset reorganization. Prior to this transaction, there was no affiliation between the company and the counterparties, and the transaction will not result in a change of the company's actual controller, thus not constituting a backdoor listing.

On March 2, XinXiangwei signed an "Equity Acquisition Intention Agreement" with Liang Pishu and Shenzhen Zhongrenhe Consulting Enterprise (Limited Partnership) regarding the acquisition of Aixiesheng's equity, agreeing to acquire the controlling stake of Aixiesheng through the issuance of shares and payment of cash.

Given the uncertainty of this transaction, to ensure fair information disclosure, protect investors' interests, and avoid significant impact on the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange, upon the company's application, the trading of its stock (Stock Code: XinXiangwei, Stock Symbol: 688593) has been suspended from the opening of the market on March 3 and will continue to be suspended, with the estimated suspension (cumulative) period not exceeding 5 trading days.

Aixiesheng Had Previously Considered Going Public

Public information shows that Aixiesheng, established in 2011, is a chip design and solution provider focused on human-computer interaction, recognized as a national high-tech enterprise and a national specialized, refined, unique, and new "little giant" enterprise. The company, supported by core technologies such as display-touch interaction, sensing, and image processing, provides chips and solutions for various application scenarios including mobile smart terminals, smart homes, and smart IoT.

Previously, Aixiesheng had considered planning for an A-share listing. According to the company's official website and Qichacha, Aixiesheng completed its shareholding system reform on July 1, 2022, changing its name from "Shenzhen Aixiesheng Technology Co., Ltd." to "Shenzhen Aixiesheng Technology Co., Ltd."

On the evening of March 3rd, Xinxiangwei announced that it is planning to acquire the controlling stake in Shenzhen Aixiesheng Technology Co., Ltd. through the issuance of shares and payment in cash, and at the same time raise supporting funds.

Xinxiangwei stated that this transaction is preliminarily expected to constitute a significant asset reorganization. Prior to this transaction, the company had no related party relationship with the counterparty, and this transaction will not lead to a change in the actual controller of the company, thus not constituting a reorganization for listing.

On March 2nd, Xinxiangwei signed an "Equity Acquisition Intention Agreement" with Liang Pishu and Shenzhen Zhongrenhe Consulting Enterprise (Limited Partnership) regarding the acquisition of Aixiesheng's equity, agreeing that the company intends to acquire the controlling stake of Aixiesheng through the issuance of shares and payment in cash.

Due to the uncertainties still present in this transaction, in order to ensure fair information disclosure, protect the interests of investors, and avoid significant impact on the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange, upon the company's application, the trading of the company's stock (stock abbreviation: Xinxiangwei, stock code: 688593) has been suspended since the opening of the market on March 3rd and will continue to be suspended, with the expected cumulative suspension period not exceeding five trading days.

Aixiesheng Previously Intended to Plan for Listing

Public information shows that Aixiesheng was established in 2011 and is a chip design and solution provider focusing on the human-computer interaction field, recognized as a national high-tech enterprise and a national specialized, refined, unique, and innovative 'little giant' enterprise. The company, supported by core technologies such as display-touch interaction, sensing, and image processing, provides chips and solutions for various application scenarios including mobile smart terminals, smart homes, and smart IoT.

Previously, Aixiesheng had intended to plan for an A-share listing. According to the company's official website and Qichacha, Aixiesheng completed its shareholding system reform on July 1, 2022, changing its name from "Shenzhen Aixiesheng Technology Co., Ltd." to "Shenzhen Aixiesheng Technology Co., Ltd."

On September 29, 2022, Aixiesheng

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On the evening of March 3, Xinxiangwei announced that it is planning to acquire the controlling stake in Shenzhen Aixiesheng Technology Co., Ltd. through the issuance of shares and payment of cash, while also raising additional funds.

Xinxiangwei stated that this transaction is preliminarily expected to constitute a significant asset reorganization. Prior to this transaction, there was no related party relationship between the company and the counterparty, and the transaction will not result in a change of the actual controller of the company, thus it does not constitute a backdoor listing.

On March 2, Xinxiangwei signed an "Equity Acquisition Intention Agreement" with Liang Pishu and Shenzhen Zhongrenhe Consulting Enterprise (Limited Partnership) regarding the acquisition of Aixiesheng's equity, agreeing to acquire the controlling stake in Aixiesheng through the issuance of shares and payment of cash.

Due to the uncertainty of this transaction, in order to ensure fair information disclosure, protect investor interests, and avoid a significant impact on the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange, upon the company's application, the trading of the company's stock (stock abbreviation: Xinxiangwei, stock code: 688593) has been suspended since the market opened on March 3, and the suspension will continue, with the total suspension period expected not to exceed five trading days.

Aixiesheng Had Previously Planned for an IPO

Public information shows that Aixiesheng, established in 2011, is a chip design and solution provider specializing in human-computer interaction, recognized as a national high-tech enterprise and a national specialized, refined, unique, and innovative 'little giant' enterprise. The company supports its core technologies, including display touch interaction, sensing, and image processing, providing chips and solutions for various application scenarios such as mobile smart terminals, smart homes, and smart IoT.

On September 29, 2022, Aixiesheng filed for listing tutoring. Among Aixiesheng's shareholders are a number of venture capital and industrial funds, including Junshi

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On the evening of March 3rd, XinXiangWei announced that it is planning to acquire the controlling stake in Shenzhen Aixiesheng Technology Co., Ltd. through the issuance of shares and payment of cash, while simultaneously raising matching funds.

XinXiangWei stated that this transaction is initially expected to constitute a significant asset reorganization. Prior to this transaction, there was no related relationship between the company and the counterpart, and this transaction will not lead to a change in the actual controller of the company, nor does it constitute a restructuring for listing.

On March 2nd, XinXiangWei, Liang Pishu, and Shenzhen Zhongrenhe Consulting Enterprise (Limited Partnership) signed an "Equity Acquisition Intention Agreement" regarding the acquisition of Aixiesheng's equity, agreeing that the company intends to acquire the control of Aixiesheng through the issuance of shares and payment of cash.

Due to the uncertainties surrounding this transaction, in order to ensure fair information disclosure, protect the interests of investors, and avoid significant impact on the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange, upon the company's application, the company's stock (stock abbreviation: XinXiangWei, stock code: 688593) has been suspended from trading since the opening of the market on March 3rd, and will continue to be suspended, with the expected total suspension time not exceeding 5 trading days.

Aixiesheng Had Previously Planned for an IPO

Public information shows that Aixiesheng, founded in 2011, is a chip design and solution provider focusing on human-computer interaction, recognized as a national high-tech enterprise and a national specialized, refined, unique, and innovative "little giant" enterprise. The company, supported by core technologies such as display-touch interaction, sensing, and image processing, provides chips and solutions for various application scenarios including mobile smart terminals, smart homes, and smart IoT.

Previously, Aixiesheng had planned to list on the A-share market. According to the company's official website and Qichacha, Aixiesheng completed its shareholding system reform on July 1, 2022, changing its name from "Shenzhen Aixiesheng Technology Co., Ltd." to "Shenzhen Aixiesheng Technology Co., Ltd."

On September 29, 2022, Aixiesheng filed for IPO tutoring. Among Aixiesheng's shareholders are a number of venture capital and industrial funds, including Junshi Ventures, Detai Capital, and SMIC

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Xinxiangwei stated that this transaction is preliminarily expected to constitute a significant asset reorganization. Prior to this transaction, the company had no related party relationship with the counterparty, and this transaction will not result in a change of the actual controller of the company, nor does it constitute a reorganization for listing.

On March 2, Xinxiangwei signed an "Intention Agreement for Equity Acquisition" with Liang Pishu and Shenzhen Zhongrenhe Consulting Enterprise (Limited Partnership) regarding the acquisition of Aixiesheng's equity, agreeing to acquire the controlling stake in Aixiesheng through the issuance of shares and payment in cash.

Due to the uncertainty of this transaction, to ensure fair information disclosure, protect the interests of investors, and avoid a significant impact on the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange, upon the company's application, the company's stock (stock abbreviation: Xinxiangwei, stock code: 688593) has been suspended from trading since the opening of the market on March 3, and the suspension will continue, with the estimated cumulative suspension period not exceeding 5 trading days.

Aixiesheng Had Previously Intended to Plan for an IPO

Public information shows that Aixiesheng was established in 2011 and is a chip design and solution provider focusing on the human-computer interaction field. It is a national high-tech enterprise and a national-level specialized, refined, unique, and innovative "little giant" enterprise. The company, supported by core technologies such as display touch interaction, sensing, and image processing, provides chips and solutions to customers around various application scenarios including mobile smart terminals, smart homes, and smart IoT.

Previously, Aixiesheng had intended to plan for an A-share listing. According to the company's official website and Qichacha, Aixiesheng completed its shareholding system reform on July 1, 2022, and the company name was changed from "Shenzhen Aixiesheng Technology Co., Ltd." to "Shenzhen Aixiesheng Technology Co., Ltd."

On September 29, 2022, Aixiesheng filed for pre-IPO tutoring. Among Aixiesheng's shareholders are a number of venture capital and industrial funds, including Junshi Ventures, DTA Capital, SMIC Juyuan Investment, and Shenzhen Venture Capital, among others.

Aixiesheng had previously stated,

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On the evening of March 3, Xinxiangwei announced that it is planning to acquire control of Shenzhen Aixiesheng Technology Co., Ltd. through the issuance of shares and payment in cash, while simultaneously raising additional funds.

Xinxiangwei stated that this transaction is initially expected to constitute a significant asset reorganization. Prior to this transaction, there was no affiliation between the company and the counterparties, and the transaction will not result in a change of the company's actual controller, nor does it constitute a backdoor listing.

On March 2, Xinxiangwei, Liang Pishu, and Shenzhen Zhongrenhe Consulting Enterprise (Limited Partnership) signed an "Intention Agreement for Equity Acquisition" regarding the acquisition of Aixiesheng's equity, agreeing that the company intends to acquire control of Aixiesheng through the issuance of shares and payment in cash.

Given the uncertainty surrounding this transaction, to ensure fair disclosure of information, protect investor interests, and avoid significant impact on the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange, the company applied for its stock (Security Abbreviation: Xinxiangwei, Security Code: 688593) to be suspended from trading starting March 3, and the suspension will continue, with the total suspension period not exceeding 5 trading days.

Aixiesheng Had Previously Considered Planning for an IPO

Public information shows that Aixiesheng, founded in 2011, is a chip design and solution provider focusing on the human-machine interaction field, recognized as a national high-tech enterprise and a national specialized, refined, unique, and innovative 'Little Giant' enterprise. The company supports core technologies such as display-touch interaction, sensing, and image processing, providing chips and solutions for various application scenarios including mobile smart terminals, smart homes, and smart IoT.

Previously, Aixiesheng had considered planning for an A-share IPO. According to the company's official website and Qichacha, Aixiesheng completed its shareholding system reform on July 1, 2022, changing its name from "Shenzhen Aixiesheng Technology Co., Ltd." to "Shenzhen Aixiesheng Technology Co., Ltd."

On September 29, 2022, Aixiesheng filed for IPO tutoring. Among Aixiesheng's shareholders are a group of venture capital and industrial funds, including Junshi Ventures, DTA Capital, SMIC Juyuan Investment, and Shenzhen Venture Capital, among others.

Aixiesheng previously stated that the company's turnover exceeded 800 million yuan in 2022, and the company will continue to strengthen its product layout in the future, in A

Sure, please provide the content that needs to be translated.

Xinxiangwei stated that this transaction is initially expected to constitute a significant asset reorganization. Prior to this transaction, the company had no related party relationship with the counterparty, and this transaction will not result in a change of the company's actual controller, nor will it constitute a reorganization for listing purposes.

On March 2, Xinxiangwei, along with Liang Pishu and Shenzhen Zhongrenhe Consulting Enterprise (Limited Partnership), signed an "Equity Acquisition Intention Agreement" regarding the acquisition of Aixiesheng's equity, agreeing to acquire the controlling stake in Aixiesheng through the issuance of shares and payment in cash.

Given the uncertainty of this transaction, to ensure fair information disclosure, protect investor interests, and avoid significant impact on the company's stock price, according to relevant regulations of the Shanghai Stock Exchange, the company applied for its stock (stock abbreviation: Xinxiangwei, stock code: 688593) to be suspended from trading starting from the market opening on March 3, and the suspension will continue, with the estimated total suspension period not exceeding 5 trading days.

Aixiesheng Previously Considered Planning for an IPO

Public information shows that Aixiesheng, established in 2011, is a chip design and solution provider focusing on the human-computer interaction field. It is a national high-tech enterprise and a national specialized, refined, unique, and innovative "little giant" enterprise. The company, supported by core technologies such as display touch interaction, sensing, and image processing, provides chips and solutions for various application scenarios including mobile smart terminals, smart homes, and smart IoT.

On September 29, 2022, Aixiesheng filed for IPO tutoring. Among Aixiesheng's shareholders are a number of venture capital and industrial funds, including Junshi Ventures, Dat Capital, SMIC Juyuan Investment, and Shenzhen Innovation Investment, among others.

Aixiesheng previously stated that the company's turnover exceeded 800 million yuan in 2022, and the company will continue to strengthen its product layout in AMOLED driver chips,Sure, please provide the content that needs to be translated.

Xinxiangwei stated that this transaction is preliminarily expected to constitute a significant asset reorganization. Prior to this transaction, there was no related party relationship between the company and the counterparty, and the transaction will not result in a change of the company's actual controller, thus not constituting a reorganization for listing purposes.

On March 2, Xinxiangwei, Liang Pishu, and Shenzhen Zhongrenhe Consulting Enterprise (Limited Partnership) signed an "Equity Acquisition Intention Agreement" regarding the acquisition of Aixiesheng's equity, stipulating that the company intends to acquire control of Aixiesheng through the issuance of shares and payment in cash.

Due to the uncertainties surrounding this transaction, to ensure fair information disclosure, protect investor interests, and avoid significant impact on the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange, the company applied for its stock (stock abbreviation: Xinxiangwei, stock code: 688593) to be suspended from trading starting from the opening of the market on March 3, and the suspension will continue, with the estimated cumulative suspension time not exceeding 5 trading days.

Aixiesheng Had Previously Considered Planning for an IPO

Public information shows that Aixiesheng, established in 2011, is a chip design and solution provider specializing in the human-computer interaction field, recognized as a national high-tech enterprise and a national specialized, refined, unique, and innovative "little giant" enterprise. The company, supported by core technologies such as display-touch interaction, sensing, and image processing, provides chips and solutions for various application scenarios including mobile smart terminals, smart homes, and smart IoT.

On September 29, 2022, Aixiesheng filed for pre-IPO tutoring. Among Aixiesheng's shareholders are a number of venture capital and industrial funds, including Junshi Venture Capital, Dat Thai Capital, SMIC Juyuan Investment, and Shenzhen Capital Group, etc.

Aixiesheng previously stated that the company's revenue exceeded 800 million yuan in 2022, and in the future, the company will continue to strengthen its product layout, focusing on AMOLED driver chips, wearable TDDI driver chips, intelligent display control SoCs, fingerprint recognition chips, and audio...

Sure, please provide the content that needs to be translated.

Xinxiangwei stated that this transaction is initially expected to constitute a significant asset reorganization. Prior to this transaction, the company had no affiliation with the counterparty, and this transaction will not result in a change in the actual controller of the company, thus not constituring a backdoor listing.

On March 2, Xinxiangwei, Liang Pishu, and Shenzhen Zhongrenhe Consulting Enterprise (Limited Partnership) signed an "Equity Acquisition Intention Agreement" regarding the acquisition of Aixiesheng's equity, stipulating that the company intends to acquire the controlling stake in Aixiesheng through the issuance of shares and payment of cash.

Given the uncertainty of this transaction, to ensure fair information disclosure, protect investor interests, and avoid significant impact on the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange, the company has applied for its stock (stock abbreviation: Xinxiangwei, stock code: 688593) to be suspended from trading starting from the market opening on March 3, and the suspension is expected to last (cumulatively) no more than five trading days.

Aixiesheng Had Previously Planned to Go Public

Public information shows that Aixiesheng, established in 2011, is a chip design and solution provider specializing in human-computer interaction, recognized as a national high-tech enterprise and a national specialized, refined, unique, and innovative "little giant" enterprise. The company, supported by core technologies such as display-touch interaction, sensing, and image processing, provides chips and solutions for various application scenarios including mobile smart terminals, smart homes, and smart IoT.

Previously, Aixiesheng had planned to go public on the A-share market. According to the company's official website and Qichacha, Aixiesheng completed its shareholding system reform on July 1, 2022, changing its name from "Shenzhen Aixiesheng Technology Co., Ltd." to "Shenzhen Aixiesheng Technology Co., Ltd."

On September 29, 2022, Aixiesheng filed for IPO tutoring. Among Aixiesheng's shareholders are a number of venture capital and industrial funds, including Junshi Ventures, DTA Capital, SMIC Juyuan Investment, and Shenzhen Innovation Investment, among others.

Aixiesheng previously stated that the company's turnover exceeded 800 million yuan in 2022, and in the future, the company will continue to strengthen its product layout, continuously investing in AMOLED driver chips, wearable TDDI driver chips, intelligent display control SoCs, fingerprint recognition chips, audio and power management chips, and intelligent connected display control modules, aiming to become a leading domestic

Sure, please provide the content that needs to be translated.

XinXiangwei stated that this transaction is preliminarily expected to constitute a significant asset reorganization. Prior to this transaction, there was no affiliated relationship between the company and the counterparty, and this transaction will not result in a change in the actual controller of the company, nor does it constitute a reorganization for listing.

On March 2, XinXiangwei signed an "Equity Acquisition Intention Agreement" with Liang Pishu and Shenzhen Zhongrenhe Consulting Enterprise (Limited Partnership) regarding the acquisition of Aixiesheng's equity, stipulating that the company intends to acquire the controlling stake in Aixiesheng through the issuance of shares and payment in cash.

Due to the uncertainties associated with this transaction, in order to ensure fair information disclosure, protect the interests of investors, and avoid significant impact on the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange, upon the company's application, the trading of the company's stocks (stock abbreviation: XinXiangwei, stock code: 688593) has been suspended from the market opening on March 3 and will continue to be suspended, with the estimated total suspension period not exceeding 5 trading days.

Aixiesheng Previously Planned for IPO

Public information shows that Aixiesheng, established in 2011, is a chip design and solution provider focused on human-computer interaction, recognized as a national high-tech enterprise and a national specialized, refined, unique, and innovative 'little giant' enterprise. The company, supported by core technologies such as display-touch interaction, sensing, and image processing, provides chips and solutions for various applications including mobile smart terminals, smart homes, and smart IoT.

Previously, Aixiesheng had intended to plan for an A-share IPO. According to the company's official website and Qichacha, Aixiesheng completed its shareholding system reform on July 1, 2022, changing its name from "Shenzhen Aixiesheng Technology Co., Ltd." to "Shenzhen Aixiesheng Technology Co., Ltd."

On September 29, 2022, Aixiesheng filed for IPO tutoring. Among Aixiesheng's shareholders are a number of venture capital and industrial funds, including Junshi Ventures, Detai Capital, SMIC Juyuan Investment, and Shenzhen Venture Capital.

Aixiesheng previously stated that the company's turnover exceeded 800 million yuan in 2022, and in the future, the company will continue to strengthen its product layout, continuously investing in AMOLED driver chips, wearable TDDI driver chips, intelligent display control SoCs, fingerprint recognition chips, audio and power chips, and smart display control modules, aiming to become a leading domestic player in the field of human-computer interaction and smart interconnection.

On the evening of March 3, XinXiangwei announced that it is planning to acquire the controlling stake in Shenzhen Aixiesheng Technology Co., Ltd. through issuing shares and paying cash, while simultaneously raising matching funds.

Xinxiangwei stated that this transaction is preliminarily expected to constitute a significant asset reorganization. Prior to the transaction, there was no affiliation between the company and the counterparty, and the transaction will not result in a change of the company's actual controller, thus it does not constitute a reorganization for listing purposes.

On March 2, Xinxiangwei signed an "Equity Acquisition Intention Agreement" with Liang Pishu and Shenzhen Zhongrenhe Consulting Enterprise (Limited Partnership) regarding the acquisition of AiXiesheng equity, agreeing to acquire control of AiXiesheng through the issuance of shares and payment of cash.

Given the uncertainties surrounding this transaction, to ensure fair information disclosure, protect investor interests, and prevent a significant impact on the company's stock price, according to relevant regulations of the Shanghai Stock Exchange, the company has applied for its stock (Stock Abbreviation: Xinxiangwei, Stock Code: 688593) to be suspended from trading starting from the opening of the market on March 3, and the suspension is expected to last (cumulatively) no more than 5 trading days.

AiXiesheng Had Previously Considered Listing

Public information shows that AiXiesheng, established in 2011, is a chip design and solution provider specializing in human-computer interaction, recognized as a national high-tech enterprise and a national specialized, refined, unique, and innovative 'little giant' enterprise. The company, supported by core technologies such as display-touch interaction, sensing, and image processing, provides chips and solutions for various application scenarios including mobile smart terminals, smart homes, and smart IoT.

Previously, AiXiesheng had considered planning for an A-share listing. According to the company's official website and Qichacha, AiXiesheng completed its corporate reform on July 1, 2022, changing its name from "Shenzhen AiXiesheng Technology Co., Ltd." to "Shenzhen AiXiesheng Technology Co., Ltd."

On September 29, 2022, AiXiesheng filed for listing tutoring. Among AiXiesheng's shareholders are a number of venture capital and industrial funds, including Junshi Venture Capital, DTA Capital, SMIC Juyuan Investment, and Shenzhen Venture Capital.

AiXiesheng previously stated that its turnover exceeded 800 million yuan in 2022, and the company will continue to strengthen its product layout, continuously investing in directions such as AMOLED driver chips, wearable TDDI driver chips, intelligent display control SoCs, fingerprint recognition chips, audio and power management chips, and smart interconnect display control modules, striving to become a leading domestic provider in human-computer interaction and smart interconnection.

AiXiesheng Included in M&A Plan Again

It should be noted that this is not the first time AiXiesheng has been included in a listed company's M&A plan.

On November 14, 2024, Yitoa announced that the company planned to purchase the controlling stake of AiXiesheng through the issuance of shares and payment of cash, along with raising supporting funds. However, on November 28, 2024, Yitoa announced the termination of this M&A, due to the transaction

New Phase Micro stated that this transaction is preliminarily expected to constitute a significant asset reorganization. Prior to this transaction, there was no related party relationship between the company and the counterparty, and this transaction will not result in a change of the actual controller of the company, and does not constitute a reorganization for listing.

On March 2nd, New Phase Micro, Liang Pishu, and Shenzhen Zhongrenhe Consulting Enterprise (Limited Partnership) signed an "Equity Acquisition Intention Agreement" regarding the acquisition of Aixinsheng's equity, agreeing that the company intends to acquire control of Aixinsheng through issuing shares and paying cash.

Due to the uncertainties surrounding this transaction, in order to ensure fair information disclosure, protect the interests of investors, and avoid a significant impact on the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange, upon application by the company, the company's stock (stock abbreviation: New Phase Micro, stock code: 688593) has been suspended from trading since the opening of the market on March 3rd, and will continue to be suspended, with the expected suspension (cumulative) period not exceeding 5 trading days.

Aixinsheng Had Plans for an IPO

Public information shows that Aixinsheng, established in 2011, is a chip design and solution provider focusing on the human-machine interaction field, recognized as a national high-tech enterprise and a national specialized, refined, unique, and innovative "little giant" enterprise. The company, supported by core technologies such as display-touch interaction, sensing, and image processing, provides chips and solutions for various application scenarios including mobile smart terminals, smart homes, and smart IoT.

Previously, Aixiesheng had planned to go public on the A-share market. According to the company's official website and Qichacha, Aixiesheng completed its shareholding system reform on July 1, 2022, with the company name changing from "Shenzhen Aixiesheng Technology Co., Ltd." to "Shenzhen Aixiesheng Technology Co., Ltd."

On September 29, 2022, Aixiesheng filed for listing tutoring. The shareholders of Aixiesheng include a number of venture capital and industrial funds, such as Junshi Ventures, DTA Capital, SMIC Juyuan Investment, and Shenzhen Innovation Investment (SIV), among others.

Aixiesheng previously stated that the company's turnover exceeded 800 million yuan in 2022. In the future, the company will continue to strengthen its product layout, investing continuously in AMOLED driver chips, wearable TDDI driver chips, smart display control SoCs, fingerprint recognition chips, audio and power management chips, and intelligent connected display control modules, striving to become a leading domestic vendor in human-machine interaction and intelligent connectivity.

Aixiesheng Included in Acquisition Plan Again

Aixiesheng Included in Acquisition Plan AgainAixiesheng Included in Acquisition Plan Again

It was noted that this is not the first time Aixiesheng has been included in an acquisition plan by a listed company.

On November 14, 2024, Yitoa Intelligent Control announced that it intended to acquire control of Aixiesheng through issuing shares and paying cash, and to raise additional funds. However, on November 28, 2024, Yitoa Intelligent Control announced the termination of this acquisition, citing the failure of the relevant parties to reach a final agreement on the transaction plan and future product strategic development goals. Industry insiders pointed out that this acquisition plan, which failed within just half a month, may have exposed the company's management's haste and lack of rigor in making major decisions.

On November 14, 2024, Yitoa Intelligent Control announced that the company planned to acquire the controlling stake of Aixinsheng through the issuance of shares and payment in cash, along with raising supporting funds. However, on November 28, 2024, Yitoa Intelligent Control announced the termination of this acquisition, due to the failure of the relevant parties to ultimately reach a consensus on the transaction plan and future product strategic development goals. Some industry insiders have commented that this merger and acquisition plan, which was aborted within just half a month, may have revealed the hastiness and lack of rigor of the company's management when facing major decisions.

The proposed acquisition target, Xinxiangwei, focuses its main business on the research, development, design, and sales of display chips, dedicated to providing comprehensive display chip system solutions.

It is worth noting that Xinxiangwei has also co-invested with professional investment institutions to establish a new type of display industry M&A fund. On February 12, Xinxiangwei announced that its subsidiary, Shanghai Xinxian Technology Co., Ltd., plans to collaborate with Guoket Dongfang (Shanghai) Private Equity Fund Management Co., Ltd. (referred to as "Guoket Dongfang"), Chongqing Liangjiang New Area Junqi Yue Enterprise Management Co., Ltd., Shanghai Junquanxin Investment Co., Ltd., and Chongqing Liangjiang New Area High-Quality Development Industry Private Equity Investment Fund Partnership (Limited Partnership) to jointly establish a new type of display industry M&A fund, with Guoket Dongfang serving as the fund manager and a total scale of no less than 402 million yuan. Among them, Xinxian Technology intends to participate as a limited partner, contributing 120 million yuan, representing a contribution ratio of 29.8507%.

It is noteworthy that XinXiangwei has also co-invested with professional investment institutions to establish a new display industry M&A fund. On February 12, XinXiangwei announced that its subsidiary, Shanghai XinXiang Technology Co., Ltd., plans to carry out strategic cooperation with Guoket Dongfang (Shanghai) Private Equity Fund Management Co., Ltd. (referred to as "Guoket Dongfang"), Chongqing Liangjiang New Area Junqi Yue Enterprise Management Co., Ltd., Shanghai Junquanxin Investment Co., Ltd., and Chongqing Liangjiang New Area High-Quality Development Industry Private Equity Investment Fund Partnership (Limited Partnership) to jointly set up a new display industry M&A fund, with Guoket Dongfang serving as the fund manager and a total scale of no less than 402 million yuan. Among them, XinXiang Technology intends to participate as a limited partner, committing to contribute 120 million yuan, representing a contribution ratio of 29.8507%.

According to the announcement, the main investment direction of the industrial fund established by XinXiangwei and professional institutions is the new display chip industry, focusing on the national strategy for integrated circuit development. The primary goal is to invest in the chip industry, targeting industrial mergers and acquisitions, investing in targets with innovation, growth potential, and platform value. This will help the company leverage the resource advantages and investment management experience of professional institutions, discover high-quality projects that are synergistic with the company's business direction, accelerate industrial resource integration, promote the company's industrial ecological layout and business development, and enhance the company's sustainable development capabilities.

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New Phase Micro Plans to Acquire AiXieSheng! The Deal is Expected to Constitute a Significant Asset Restructuring

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