Nationstar Optoelectronics completes acquisition of Fenghua Xindian equity; Infit executive vice president resigns

Nationstar Optoelectronics: Currently holds 99.87695% equity in Fenghua Xindian

On the evening of August 12, NationStar Optoelectronics announced that the company plans to acquire a 99.87695% equity stake in Guangdong Fenghua Xindian Technology Co., Ltd. (abbreviated as "Fenghua Xindian") held by Fenghua Advanced Technology for RMB 269 million, so as to strengthen and supplement the company's supply chain in the semiconductor field and enhance its third-generation semiconductor business.

On November 29, NationStar Optoelectronics announced that the industrial and commercial registration change procedures for Fenghua Xindian were recently completed, and the business license issued by the Guangzhou Municipal Administration for Market Regulation was obtained. Currently, the company holds 99.87695% equity in Fenghua Xindian.

Fenghua Xindian's business scope includes: manufacturing electronic components, integrated circuit products and their accessories; selling electronic products and communication equipment, electronic components, integrated circuit products and their supporting parts; engaging in the export of self-produced products and technologies; engaging in the import of raw materials, auxiliary materials, instruments, meters, mechanical equipment, spare parts and technologies required for production (excluding commodities restricted or prohibited by the state for import and export) (operating in accordance with Document No. 066 [2001] Yue Wai Jing Mao Fa Deng Zi); leasing of self-owned properties.

Nationstar Optoelectronics stated that this equity acquisition will enable the company to quickly enter the compound semiconductor packaging and testing segment, drive rapid development in new business areas, strengthen and complete the semiconductor supply chain, and enhance its third-generation semiconductor business.

In addition to Sanan Optoelectronics, on the evening of October 10, NationStar Optoelectronics announced that the company intends to acquire a 60% equity stake in Yancheng Dongshan Precision Manufacturing Co., Ltd. (hereinafter referred to as "Yancheng Dongshan"), a wholly-owned subsidiary of Suzhou Dongshan Precision Manufacturing Co., Ltd. (hereinafter referred to as "Dongshan Precision"), through cash payment. Upon completion of the transaction, Yancheng Dongshan will become a controlling subsidiary of the company and be included in the scope of its consolidated financial statements.

Yancheng Dongshan is a national high-tech enterprise specializing in LED display devices, with independent core intellectual property rights, rich industry technical reserves, and continuous R&D capabilities. Its LED display device products are widely used in fields such as indoor and outdoor small-pitch HD displays.

"NationStar Optoelectronics will leverage its advantages in integrating resources across the LED vertical industry chain, providing customers with one-stop solutions ranging from LED chips and LED light source devices to application modules and display modules," stated Li Cheng, President of NationStar Optoelectronics, aiming to build a world-class leader in LED packaging technology innovation.

Inventronics: Mr. Zhang Huajian has applied to resign from his positions as Director and Deputy General Manager of the company

On the evening of November 28, Inventronics announced that Mr. Zhang Huajian has applied to resign from his positions as Director, Deputy General Manager, and member of the Audit Committee of the company due to personal reasons.

As of the date of this announcement, Mr. Zhang Huajian directly holds approximately 230,000 shares of the Company, sourced from the Company's restricted stock incentive plan.

Mr. Zhang Huajian's original term of office was from December 10, 2020 to December 9, 2023. Inventronics stated that, in accordance with regulations, the number of shares transferred annually during the original term and within six months after its expiration shall not exceed 25% of the total shares he holds in the company, and no shares held in the company shall be transferred within six months after his departure.