On October 23rd, Zhizheng Group announced that the company plans to directly and indirectly acquire 99.97% equity of target company AAMI through major asset swaps, issuing shares, and paying cash, and allocate 100% equity of its wholly-owned subsidiary, Zhizheng New Materials, to the listed company, and raise matching funds.

The semiconductor production process consists of wafer manufacturing, wafer testing, chip packaging, and post packaging testing. Semiconductor packaging testing refers to the process of processing wafers that have passed testing into independent chips according to product models and functional requirements.