Liyang Chip terminated its acquisition of Chongqing Guoxin Microelectronics: The transaction conditions are not yet ripe, and neither party will assume liability for breach of contract.

Guangdong Liyang Chip Testing Co., Ltd. (Liyang Chip) announced on September 5, 2026, that it had decided to terminate the acquisition of 100% equity in Guoxinwei (Chongqing) Technology Co., Ltd. Both parties signed the “Equity Transfer Termination Agreement” on the same day, confirming that the transaction was terminated due to immature trading conditions, and agreed not to bear any liability for breach of contract. This merger intention had been planned for over 20 months since its signing in December 2024. Liyang Chip stated that after multi-dimensional due diligence and internal evaluations in legal, financial, business, and technical aspects, it concluded that the current trading conditions were not ripe. Guoxinwei is located in Chongqing High-Tech Zone and is a third-party integrated circuit testing solution provider, offering services for wafer, finished product, and module testing; Liyang Chip was established in 2010 and listed on the Sci-Tech Innovation Board in 2020, primarily engaged in integrated circuit testing and related supporting services.