Puran Co., Ltd. announced that the company plans to purchase 49% of Noah Changtian's shares held by Zhuhai Nuoyan, Yuanhe Puhua, and Hengqin Qiangke and raise supporting capital by issuing shares, convertible corporate bonds, and paying cash. After the transaction is completed, Noah Changtian will become a wholly-owned subsidiary of the listed company, and the target company SHM will become a wholly-owned subsidiary of the listed company. The transaction price was 24,705.80 million yuan. The target company has 2D NAND and its derivative memory chip products for the middle and high-end markets, which are widely used in industrial control, home appliances, security, wearables, smart terminals, etc. With its outstanding product capabilities and engineering capabilities, it has a stable customer base and hundreds of active terminal customers, and is highly competitive in the global market. After the transaction is completed, the listed company can effectively complement its accumulated R&D and design capabilities in the field of integrated circuits with the target company's product engineering capabilities, and create a synergy effect in terms of main products and sales networks to build a complete layout of non-volatile storage products on a global scale.

Pran Co., Ltd. announced that the company plans to purchase 49% of Noah Changtian's shares held by Zhuhai Nuoyan, Yuanhe Puhua, and Hengqin Qiangke and raise supporting capital by issuing shares, convertible corporate bonds, and paying cash. After the transaction is completed, Noah Changtian will become a wholly-owned subsidiary of the listed company, and the target company SHM will become a wholly-owned subsidiary of the listed company. The transaction price was 24,705.80 million yuan. The target company has 2D NAND and its derivative memory chip products for the middle and high-end markets, which are widely used in industrial control, home appliances, security, wearables, smart terminals, etc. With its outstanding product capabilities and engineering capabilities, it has a stable customer base and hundreds of active terminal customers, and is highly competitive in the global market. After the transaction is completed, the listed company can effectively complement its accumulated R&D and design capabilities in the field of integrated circuits with the target company's product engineering capabilities, and create a synergy effect in terms of main products and sales networks to build a complete layout of non-volatile storage products on a global scale.