Hangjin Technology (000818.SZ) subsidiary plans to list and transfer 51% of CLP Huaxing's shares

According to Zhitong Finance App, Hangjin Technology (000818.SZ) announced that Weike Electronics Module (Shenzhen) Co., Ltd. (hereinafter referred to as “Weike Electronics”), a wholly-owned subsidiary of the company, intends to transfer 51% of the shares of Shenzhen CLP Huaxing Electronics Technology Co., Ltd. (hereinafter referred to as “CLP Huaxing”) through a public listing through the Wuhan Optics Valley Joint Property Exchange (hereinafter referred to as “SEHK”). After the transaction is completed, Wolters Electronics will no longer hold shares in CLP Huaxing, and CLP Huaxing will no longer be included in the scope of the company's consolidated statements.

This equity transfer is based on the consideration of focusing on developing the company's main business, mainly to better focus on the main business and adjust the investment structure. The transaction is conducive to enhancing the company's profitability and core competitiveness, as well as the rights of the company and all shareholders.