Kelong Shares announced on September 14 that it planned to pay cash to purchase 100% equity of Gainsil Semiconductor by issuing shares, and raise supplementary funds. The transaction price of the underlying assets is tentatively set at RMB180 million (USD26.53 million).

Gainsil Semiconductor is an integrated circuit design company focusing on the development and sales of analog integrated circuit chips, and the company's main products are signal chain analog chip operational amplifiers.