3Peak Incorporated (SHSE : 688536) entered into a preliminary intention to acquire an unknow stake in Shenzhen ICM-Semi Electronics Co., Ltd. from Yang Xiaohua and Shenzhen Chuangxin Development Consulting Partnership (Limited Partnership) on May 27, 2023. The consideration will be paid by issuing shares and paying cash. The cash payment will be funded by raising supporting funds through private placement.

The transaction is subject to entering into a formal agreement.