Jingwei Hui Development: Plans to Divest Electronic Information Segment Business, Expected to Constitute Major Asset Restructuring

People’s Financial News, March 13 — Jingwei Huikai (300120) announced on March 13 that the company plans to transfer its electronic information sector assets, mainly including Xinhuikai Technology (Shenzhen) Co., Ltd. and its consolidated subsidiaries, Hunan Jingwei Huikai Technology Co., Ltd., Zhuzhou Xinhuikai Technology Co., Ltd., and Jingwei Huikai Technology (Shenzhen) Co., Ltd., to Shenzhen Fuje Technology Co., Ltd. The transferred assets do not include non-electronic information sector assets held by the aforementioned subsidiaries or equity investments outside the scope of Jingwei Huikai’s consolidation. This transaction will be conducted in cash and does not involve issuing shares. The transaction is expected to constitute a major asset restructuring, and the transaction price has not yet been determined. Prior to this transaction, the company’s main business involved the research, production, and sales of LCD display and touch display modules, electromagnetic wires, and information technology solutions. Through this transaction, the company will divest its electronic information sector business and focus on the development of the power sector and information technology solutions.