YongSi Electronics will have a meeting!
Today (February 22), the Shanghai Stock Exchange disclosed the results of the municipal Party committee meeting on the science and innovation board. Yongsi electronics, which has attracted much attention, was successfully held. In the IPO application stage, Yongsi electronics fell into litigation disputes with China’s sealing and testing giant Jcet Group Co.Ltd(600584) (600584, SH).
Even after the meeting, the municipal Party Committee on the science and Innovation Board of Shanghai Stock Exchange asked Yongsi electronics to explain the latest progress of the lawsuit of unfair competition between the company and Jcet Group Co.Ltd(600584) and the trial of labor contract arbitration cases; If Jcet Group Co.Ltd(600584) wins, will it have an adverse impact on the employment of relevant employees in the company, the company’s R & D work and sustainable operation.
was asked to explain the latest progress in the dispute with Jcet Group Co.Ltd(600584)
Previously, YongSi Electronics was reported by China’s sealing and testing leader Jcet Group Co.Ltd(600584) , and its success will attract much attention. Today, Yongsi electronics passed the deliberation of the Shanghai Stock Exchange, but the company is still questioned and Jcet Group Co.Ltd(600584) sued by the Shanghai Stock Exchange.
The municipal Party Committee on the science and Innovation Board of Shanghai Stock Exchange asked Yongsi electronics to explain the latest progress of its unfair competition lawsuit with Jcet Group Co.Ltd(600584) and the trial of labor contract arbitration cases; If Jcet Group Co.Ltd(600584) wins the lawsuit, will it have an adverse impact on the employment of relevant employees in Yongsi electronics, as well as the R & D work and sustainable operation of YongSi Electronics.
At the same time, the Shanghai municipal Party committee asked Yongsi electronics to explain whether Jcet Group Co.Ltd(600584) has made other demands to Yongsi electronics, its controllers or employees and other relevant subjects in addition to the demands made in the disclosed legal disputes; If so, whether it will have an adverse impact on Yongsi electronics and whether the relevant information disclosure is sufficient and reasonable.
In addition to the lawsuit with Jcet Group Co.Ltd(600584) , YongSi Electronics was also asked about technical issues, equity incentives, income growth and other related issues.
For example, the municipal Party committee asked Yongsi electronics to explain the source of the company’s technology and whether there are other disputes or potential disputes; Compared with the same industry, the core technology is advanced. Jcet Group Co.Ltd(600584) the latest progress of the invalidation request initiated by Yongsi electronics to the State Intellectual Property Office for five invention patents.
In addition, the Shanghai municipal Party Committee requested Yongsi electronics to further explain the rationality of its substantial growth in revenue during the reporting period and its gross profit margin higher than the industry level in the last three years (2019-2021) in combination with the company’s short establishment time, the typical characteristics of semiconductor packaging and testing enterprises and the company’s business operation mode; Yongsi electronics is required to explain whether the implementation of the company’s previous equity incentive plans meets the relevant requirements of the Q & A of the issuance and listing of the science and innovation board in combination with the equity incentive plan or employee stock ownership arrangement.
previously issued a 100 page reply in the inquiry link
The reporter of the daily economic news noted that while Yongsi electronics applied for IPO, Jcet Group Co.Ltd(600584) was also questioning Yongsi electronics’s infringement of Jcet Group Co.Ltd(600584) intellectual property rights or technical secrets. On February 21, Jcet Group Co.Ltd(600584) also mentioned the matter on the investor interaction platform. During the IPO inquiry, Yongsi electronics also issued more than 100 pages of reply and explanation on the Jcet Group Co.Ltd(600584) report content.
For example, when it comes to the plant, Yongsi electronics replied that the construction of production infrastructure such as plant, equipment and software was completed by the company itself; Since its establishment, the main products and related technologies of Yongsi electronics have been independently developed and obtained on the basis of public knowledge, and the product evolution and technology R & D process are clear and traceable; Due to the characteristics of IC packaging and testing industry, the production process and final products of Yongsi electronic products are different from Jcet Group Co.Ltd(600584) . The process flow, main raw materials (except customer supply) and equipment parameters used in the production process of the company are independently developed or obtained by the company.
As for the issue of core personnel, Yongsi electronics mentioned that some of the company’s core technicians and senior managers are Jcet Group Co.Ltd(600584) resigned personnel. Some personnel have confidentiality obligations, but there is no disclosure and use of their employee information. The employee information does not constitute a trade secret, and the relevant personnel do not violate the legal confidentiality and agreed confidentiality obligations with Jcet Group Co.Ltd(600584) .
As for the core team of Yongsi electronics, the company replied that among the five person founding team of the company, Zhang Jiqin and Wu Chunyue were not Jcet Group Co.Ltd(600584) before joining the company; Wang Shunbo and Xu Yupeng have worked in well-known packaging and testing enterprises such as rimoonlight and Xingke Jinpeng for many years. They have grown into high-end talents in the field of advanced packaging. They were introduced to work in Jcet Group Co.Ltd(600584) in 2011. They served as general manager and deputy general manager of the integrated circuit business center respectively to promote the development of Jcet Group Co.Ltd(600584) advanced packaging business. Therefore, before joining Jcet Group Co.Ltd(600584) , the founding team of the company has established the knowledge system and industry cognition of advanced packaging, accumulated certain industrial resources, and has the ability to build medium and high-end packaging and testing production lines from scratch.
