Shulou(Shulou.com)11/24 Report--

CTOnews.com January 12 news, Hisense Video today issued an announcement, planning Qingdao Xinxin Microelectronics Technology Co., Ltd. (referred to as "Qingdao Xinxin Micro") spin-off listing.

Hisense Video said that the company plans to spin off its holding subsidiary Qingdao Xinxin Micro to be listed on the domestic stock exchange. This spin-off listing will not lead to the loss of control over Qingdao Xinxin Micro, will not have a material impact on the continuous operation of other business sectors of the company, and will not damage the company's independent listing status and sustainable profitability.

CTOnews.com learned that Hisense Video pointed out in the announcement that the company's board of directors examined and passed the "motion on planning the spin-off and listing of Qingdao Xinxin Microelectronics Technology Co., Ltd.", agreed to plan the differential listing of the holding subsidiary Qingdao Xinxin, and authorized the company and Qingdao Xinxin micro-management to start the preparatory work for the spin-off of Qingdao Xinxin micro-listing. After the spin-off listing plan is formulated, the relevant listing plan and matters related to the listing need to be submitted to the company's board of directors and shareholders' meeting for consideration respectively.

It should be noted that Hisense Video said that the spin-off listing is still in the early planning stage, and there are various uncertainties in the implementation of the project. it is necessary to go through the relevant procedures such as approval, approval or registration of regulatory agencies such as China Securities Regulatory Commission and Qingdao Xinxin Micro-proposed listing Exchange before it can be implemented.

According to Hisense Video, Qingdao Xinxin Micro is a display chip design company headquartered in Qingdao and has R & D centers in Shanghai, Xi'an and other places. The company adopts Fabless business model, focuses on chip product research and development and cutting-edge technology exploration, and entrusts wafer manufacturing, packaging and testing to professional wafer generation factories and packaging and testing plants. In the field of display chips, the company's main products include TCON chips (Timing Controller, display timing control chips) and picture quality chips, which are widely used in TV, display, commercial display, medical display and other application scenarios. At the same time, the company launched frequency conversion control MCU and other products, constantly enrich the product structure and promote the development of intelligent products.

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