<p>➀ A merger and acquisition deal worth 700 million yuan was announced by Baobao Chemical, a chemical company from Dalian, to invest in Xinhui Lian Semiconductor Technology Co., Ltd. (Xinhui Lian), a semiconductor equipment company, and control 54.6342% of its voting rights.</p><p>➁ Baobao Chemical, a chemical company specializing in the production, research, and sales of industrial biocides, has been seeking a second growth curve due to the decline in its main business performance.</p><p>➂ Xinhui Lian, a semiconductor equipment company founded in 2019, has completed three rounds of financing and is a national special-purpose and new small giant.</p>