[Hangxin Technology: Plans to acquire 51% equity of Shanghai Xinsheng for RMB 280-295 million] On September 18th, Hangxin Technology (300424.SZ) announced that the company plans to acquire 51% of the equity of Shanghai Xinsheng Electronics Co., Ltd. through cash acquisition. The total transaction consideration is initially expected to be approximately RMB 280-295 million, and the overall valuation of the target company is expected to be no more than RMB 580 million. After the completion of this transaction, Shanghai Xinsheng will become a holding subsidiary of the company. The target company is mainly engaged in the research and development and sales of integrated circuit chips, and its products cover general MCU, home appliance MCU, automotive MCU, etc. What was signed this time is only an agreement of intention. The specific transaction plan and amount still need further negotiation, and there is uncertainty.