United Nova Technology Co.,Ltd. (SHSE:688469) agreed to acquire 72.33% stake in Xinlian Yuezhou Integrated Circuit Manufacturing (Shaoxing) Co., Ltd. from a group of shareholders on June 21, 2024. As per the transaction, United Nova Technology Co.,Ltd. will pay cash and issue shares to the shareholders of Xinlian Yuezhou Integrated Circuit Manufacturing (Shaoxing) Co., Ltd. The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders and approval of offer by acquirer board. The deal has been approved by the board.