Securities code: 300656 securities abbreviation: Shenzhen Minde Electronics Technology Ltd(300656) Announcement No.: 2022-019 Shenzhen Minde Electronics Technology Ltd(300656)
Announcement on foreign investment and establishment of wholly-owned subsidiaries
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Shenzhen Minde Electronics Technology Ltd(300656) (hereinafter referred to as “the company” or “the company” or ” Shenzhen Minde Electronics Technology Ltd(300656) “) held the 10th meeting of the third board of directors and the 9th meeting of the third board of supervisors on February 19, 2022, deliberated and adopted the proposal on foreign investment to establish a wholly-owned subsidiary, and planned to invest 20 million yuan to establish a wholly-owned subsidiary in Lishui, Zhejiang Province. The specific contents are as follows:
1、 Overview of this foreign investment
1. In order to meet the company’s strategic development needs, the company plans to set up a wholly-owned subsidiary Shenzhen Minde Electronics Technology Ltd(300656) (Lishui) Co., Ltd. with its own capital of 20 million yuan. Its domicile is planned to be 11-313, building 15, International Auto City, 309 Lvgu Avenue, nanmingshan street, Liandu District, Lishui City, Zhejiang Province. The company holds 100% of its shares (the specific name and residence approved and registered by the market supervision and Administration Bureau shall prevail).
2. This transaction does not involve related party transactions, nor does it constitute a major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies.
3. This investment is within the approval authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
2、 Basic information of investment object
1. Way of contribution: the company plans to make contribution with its own funds.
2. Basic information of the target company
(1) Company name: Shenzhen Minde Electronics Technology Ltd(300656) (Lishui) Co., Ltd
(2) Nature of enterprise: limited liability company
(3) Address: floor 11-313, building 15, International Auto City, 309 Lvgu Avenue, nanmingshan street, Liandu District, Lishui City, Zhejiang Province
(4) Registered capital: 20 million yuan
(5) Business scope: integrated circuit manufacturing; Integrated circuit design; Integrated circuit sales; Integrated circuit chip and product manufacturing; Sales of integrated circuit chips and products; IC chip design and services; Research and development of special electronic materials; Manufacturing of special electronic materials; Sales of electronic special materials; Technical services, technical development, technical consultation, technical exchange, technology transfer and technology promotion; Professional design services; Sales agent; Sales of special electronic equipment; Sales of mechanical and electrical equipment; Mechanical equipment leasing; Technology import and export; Import and export of goods (except for items subject to approval according to law, carry out business activities independently according to law with business license)
(6) Legal representative: Xie Gang
The specific information of the target company shall be subject to the registration approved by the market supervision and Administration Bureau.
3、 Purpose, existing risks and impact on the company of foreign investment
1. Purpose of investment
The company’s establishment of subsidiaries meets the company’s strategic development needs and long-term development plan. The subsidiaries mainly carry out integrated circuit manufacturing, design and sales, sales of electronic special materials and electronic special equipment, import and export of goods and technology, and leasing of mechanical equipment, which is conducive to improving the company’s core competitiveness and has a positive impact on the company’s development.
2. Existing risks
The establishment of subsidiaries still needs the approval of the market supervision and Administration Bureau; The establishment of subsidiaries will increase the number of subsidiaries of listed companies and may also bring risks of short-term operation, management and internal control. The company will establish perfect internal control processes and effective supervision mechanisms to constantly adapt to business requirements and market changes and actively prevent and respond to risks.
3. Impact on the company
All the funds invested in this foreign investment come from the company’s own funds. The establishment of a subsidiary will not have a significant impact on the company’s financial status and operating results, and there is no damage to the legitimate interests of the company and other shareholders, which is in line with the interests of all shareholders of the company.
At present, the proposed wholly-owned subsidiary is still in the preparatory stage. The company will timely disclose the progress of the matter in strict accordance with the provisions of relevant laws and regulations. Please pay attention to the investment risks.
4、 Documents for future reference
1. Resolutions of the Shenzhen Minde Electronics Technology Ltd(300656) 10th meeting of the third board of directors;
2. Resolution of the Shenzhen Minde Electronics Technology Ltd(300656) 9th meeting of the 3rd board of supervisors.
It is hereby announced.
Shenzhen Minde Electronics Technology Ltd(300656) board of directors
February 19, 2022
