Hebei Sinopack Electronic Technology Co.,Ltd. (SZSE:003031) agreed to acquire Hebei Bowei/ Assets and Liabilities of GaN Communication Base Station R/Beijing Advanced from The 13th Institute of China Electronics Technology Group Corporation for CNY 1.9 billion on January 27, 2022. Transaction has been approved by Hebei Sinopack Electronic's 15th session of the 1st directorate and the 6th session of the 2nd directorate and The transaction has been reviewed by the State Administration of Science, Technology and Industry for National Defense. Transaction has been approved by Hebei Sinopack Electronic Technology's shareholders. As of June 20, 2023, the transaction is approved by M&A and Reorganization Review Committee of the Shenzhen Stock Exchange. Jiayuan Law acted as legal advisor and Moore Stephens China Services Limited acted as an accountant, CITIC Securities Company Limited and AVIC Securities Co.,Ltd. actd as financial advisr to Hebei Sinopack Electronic Technology Co.,Ltd. (SZSE:003031)

Hebei Sinopack Electronic Technology Co.,Ltd. (SZSE:003031) completed the acquisition of 73% stake in Hebei Bowei Integrated Circuits Co., Ltd from The 13th Institute of China Electronics Technology Group Corporation on August 14, 2023.