Core Viewpoint - The company, Wingtech Technology Co., Ltd., is planning a significant asset sale to Luxshare Precision Industry Co., Ltd. and Luxshare Communications (Shanghai) Co., Ltd. involving the transfer of 100% equity in several subsidiaries and business assets, with the transaction structured as a cash deal [2][5]. Group 1: Transaction Details - The transaction involves the sale of equity and business assets from subsidiaries including Kunming Wenshu Industrial Co., Ltd., Huangshi Zhitong Electronics Co., Ltd., and others [2][4]. - The company operates in the semiconductor and product integration sectors, with a comprehensive business model that includes semiconductor chip design, wafer manufacturing, packaging testing, and communication equipment production [3][4]. Group 2: Industry Classification - The company is classified under the "Computer, Communication and Other Electronic Equipment Manufacturing" industry according to the China Securities Regulatory Commission [4][5]. - The asset sale pertains to the company's product integration business, which focuses on the research, design, and manufacturing of various electronic products, including mobile terminals and automotive electronics [4][5]. Group 3: Regulatory Compliance - The independent financial advisor has confirmed that the transaction complies with the regulatory guidelines set forth by the China Securities Regulatory Commission and does not constitute a restructuring or change in control of the company [5][6]. - The transaction is confirmed to be a cash payment and does not involve the issuance of new shares [6].

Core Viewpoint - The company is undergoing a restructuring transaction involving the transfer of 100% equity of several subsidiaries to Luxshare Precision Industry Co., Ltd. and Luxshare Communication (Shanghai) Co., Ltd. This transaction is expected to have no immediate dilution effect on the company's earnings per share [2][3]. Summary by Sections Impact on Earnings Per Share - Prior to the transaction, the company's basic earnings per share for 2024 is projected to be -2.28 CNY/share. The transaction is not expected to dilute the earnings per share as it does not involve the issuance of new shares, thus maintaining the current share capital structure [3]. Measures to Mitigate Potential Dilution - The company has established a robust corporate governance structure to protect investor interests and mitigate any potential dilution of immediate returns. This includes a well-defined operational framework among the shareholders, board of directors, and management, ensuring clear responsibilities and checks and balances [4]. - Post-transaction, the company plans to enhance operational efficiency, improve internal controls, and implement cost management strategies to further reduce operational costs [4]. Profit Distribution Policy - The company has clearly defined its profit distribution policy in accordance with regulations. After the transaction, it will continue to adhere to this policy and actively work on optimizing returns for shareholders, contingent upon meeting profit distribution conditions [5]. Commitments from Key Stakeholders - The controlling shareholders, actual controllers, and all directors and senior management have issued commitments to ensure the fulfillment of measures aimed at compensating for any potential dilution of immediate returns. These commitments include not interfering with the company's management and ensuring that no unfair benefits are provided to other entities [6]. - The commitments also stipulate that any violations leading to losses for the company or investors will result in legal accountability for the responsible parties [6]. Verification Opinion - The independent financial advisor has concluded that the transaction is not expected to result in immediate return dilution. The company has implemented specific measures to further mitigate any potential impacts, and the commitments from key stakeholders align with regulatory requirements aimed at protecting the rights of minority investors [7].

Core Viewpoint - Wingtech Technology Co., Ltd. plans to sell its product integration business, and has commissioned Shenzhen Zhonglian Asset Appraisal Co., Ltd. to estimate the market value of the equity and business asset package involved in this transaction as of December 31, 2024 [1][4][17]. Group 1: Valuation Purpose and Background - The valuation aims to provide a market value estimate for the equity and business asset package related to the product integration business that Wingtech Technology intends to sell [4][17]. - The valuation date is set for December 31, 2024, based on considerations of asset scale and required time [17]. - The valuation type is defined as market value, reflecting the fair trading value under normal conditions [17]. Group 2: Valuation Scope and Financial Data - The valuation encompasses the equity and business asset package of five companies involved in the product integration business, including subsidiaries [5][17]. - As of the valuation date, the total assets of the equity and business asset package are estimated at CNY 2,479,815,000, with total liabilities of CNY 2,040,868,920, resulting in a net asset value of CNY 438,946,090 [8][17]. - The financial performance for the year ending December 31, 2024, shows projected revenue of CNY 5,982,554,040, but a net loss of CNY 394,025,490 [8][17]. Group 3: Business Impact and Market Conditions - The decision to sell the product integration business is influenced by the U.S. Department of Commerce's inclusion of Wingtech Technology on the Entity List, which has adversely affected its business operations [8]. - The sale will be conducted as a cash transaction with Luxshare Precision Industry Co., Ltd. and Luxshare Communications (Shanghai) Co., Ltd. [8]. - The asset package includes various subsidiaries and their respective financial data, indicating a complex structure of ownership and operational assets [5][8].

Core Viewpoint - The company plans to sell its subsidiaries and business assets to Luxshare Precision and Luxshare Communications for a total cash consideration of approximately 438.95 million yuan, aiming to strategically exit the product integration business and focus on semiconductor operations, enhancing its competitive position in the global power semiconductor industry [5][10][12]. Group 1: Transaction Overview - The transaction involves the cash sale of 100% equity stakes in subsidiaries including Kunming Wenshun, Huangshi Zhitong, and others, along with business asset packages from subsidiaries such as Wuxi Wenta and India Wenta [5][6]. - The total transaction price is set at 438,946.09 thousand yuan, based on the audited net asset value of the target assets [5][10]. - The payment structure includes an initial payment of 119,624.11 thousand yuan and subsequent payments upon completion of the transaction [6][7]. Group 2: Impact on Company Operations - The company will shift its focus from product integration, which has been affected by geopolitical factors and market competition, to semiconductor business, which is expected to enhance profitability and operational efficiency [10][12][13]. - The restructuring is anticipated to lead to a significant decrease in revenue from 7,359,798.59 thousand yuan to 1,525,554.13 thousand yuan, while net profit is expected to improve from a loss of 285,794.40 thousand yuan to a profit of 134,083.96 thousand yuan [11][12]. Group 3: Financial Metrics - Post-transaction, total assets are projected to decrease from 7,497,751.45 thousand yuan to 6,640,017.10 thousand yuan, while total liabilities will drop from 4,013,679.89 thousand yuan to 3,159,148.00 thousand yuan, resulting in a reduction of the asset-liability ratio by 5.95 percentage points [11][12]. - The company aims to improve its financial quality and resource allocation efficiency through this strategic move, which aligns with its long-term growth objectives [13][14]. Group 4: Regulatory and Approval Process - The transaction has undergone necessary board approvals and is pending further regulatory approvals, including those from the China Securities Regulatory Commission [15][19]. - The company has committed to strict compliance with information disclosure obligations to protect the interests of minority investors throughout the transaction process [16][18].

Group 1 - The company plans to transfer 100% equity of several subsidiaries and business asset packages to Luxshare Precision Industry Co., Ltd. and Luxshare Communication (Shanghai) Co., Ltd. through a cash transaction [1] - The transaction does not involve the issuance of shares and will not change the company's equity structure or control [2] - The controlling shareholder remains Wenta Technology Group Co., Ltd., and the actual controller is still Zhang Xuezheng, indicating that control has not changed [2]

Core Viewpoint - The document outlines the differences between the draft report and the restructuring proposal of Wente Technology Co., Ltd regarding a significant asset sale, highlighting key updates and disclosures made in the report. Group 1: Overview of the Transaction - The restructuring report provides additional disclosures regarding the transaction's overview, including the major differences from the restructuring proposal [1]. Group 2: Company Background - The report includes supplementary information about the company's shareholder structure, recent business developments over the last three years, and key financial data from the past two years [1]. Group 3: Counterparty Information - The report elaborates on the counterparty's basic information, including compliance and integrity records of the counterparty and its key management over the last five years [2]. Group 4: Asset Information - The report supplements disclosures about the ownership, major liabilities, external guarantees, and any legal disputes or compliance issues related to the target assets [2]. Group 5: Valuation and Pricing - New content in the report discusses the valuation and pricing of the assets involved in the transaction, including details of the share transfer agreements [2]. Group 6: Compliance Analysis - The report includes a new chapter dedicated to the compliance analysis of the transaction, ensuring all regulatory requirements are met [2]. Group 7: Management Discussion - A new section in the report provides management's discussion and analysis regarding the transaction, offering insights into strategic considerations [3]. Group 8: Financial Information - The report introduces a chapter on financial accounting information, detailing the financial implications of the asset sale [3]. Group 9: Competitive Analysis - A new chapter addresses issues related to competition within the industry, assessing potential impacts on market positioning [3]. Group 10: Important Matters - The report supplements disclosures regarding the company's cash dividend policy post-transaction and the board's explanations regarding these arrangements [4]. Group 11: Conclusion and Opinions - A new chapter presents conclusive opinions on the transaction, summarizing the overall assessment and expected outcomes [4]. Group 12: Intermediary Institutions - The report includes information about intermediary institutions and personnel involved in the transaction, ensuring transparency in the process [4]. Group 13: Declarations - The report updates declarations from the company's board members, supervisors, and senior management regarding the transaction [4].

闻泰科技股份有限公司 董事会审计委员会议事规则 （2025 年 5 月修订） 第一章 总则 第一条 为强化闻泰科技股份有限公司（以下简称"公司"）董事会决策功能， 完善公司治理结构，根据《中华人民共和国公司法》（以下简称《公司法》）、《上 市公司治理准则》《上市公司独立董事管理办法》《上海证券交易所上市公司自律监 管指引第 1 号——规范运作》《上海证券交易所股票上市规则》等法律、法规、规范 性文件以及《闻泰科技股份有限公司章程》（以下简称《公司章程》）的相关规定， 公司特设立董事会审计委员会，行使《公司法》规定的监事会的职权，并制定本规则。 第二条 董事会审计委员会是公司董事会下设的专门工作机构，负责审核公司财 务信息及其披露、监督及评估内外部审计工作和内部控制，向董事会报告工作并对董 事会负责。 第二章 人员组成 第三条 审计委员会成员由 3 名不在公司担任高级管理人员的董事组成，独立董 事委员人数应当过半数，委员中至少有一名独立董事为会计专业人士。公司董事会成 员中的职工代表可以成为审计委员会成员。 审计委员会成员应当具备履行审计委员会工作职责的专业知识和经验。 第四条 审计委员会委员由董事长、二分之一 ...

闻泰科技股份有限公司 信息披露暂缓与豁免事务管理制度 （2025 年 5 月修订） 第一章 总则 第一条 为规范闻泰科技股份有限公司（以下简称"公司"）信息披露暂缓与豁 免行为，保障公司依法合规履行信息披露义务，维护公司和投资者的合法权益，根据 《中华人民共和国公司法》《中华人民共和国证券法》《上市公司信息披露暂缓与豁 免管理规定》《上海证券交易所股票上市规则》（以下简称"股票上市规则"）、 《上海证券交易所上市公司自律监管指引第 2 号——信息披露事务管理》等有关法律、 法规和《闻泰科技股份有限公司章程》《闻泰科技股份有限公司信息披露事务管理制 度》等有关规定，制定本制度。 第二条 公司按照股票上市规则及上海证券交易所其他相关业务规则的规定，暂 缓、豁免披露临时报告，在定期报告、临时报告中豁免披露中国证券监督管理委员会 （以下简称"中国证监会"）和上海证券交易所规定或者要求披露的内容，适用本制 度。 第三条 公司和其他信息披露义务人应当真实、准确、完整、及时、公平地披露 信息，不得滥用暂缓或者豁免披露规避信息披露义务、误导投资者，不得实施内幕交 易、操纵市场等违法行为。 第四条 公司和其他信息披露义务人应当 ...

Group 1 - The independent financial advisor, Huatai United Securities, has been commissioned by Wingtech Technology Co., Ltd. to facilitate a cash transaction involving the transfer of 100% equity of several subsidiaries and business assets to Luxshare Precision Industry Co., Ltd. and Luxshare Communications (Shanghai) Co., Ltd. [1] - The transaction is in compliance with the regulations set forth by the China Securities Regulatory Commission regarding the hiring of third parties in investment banking activities [1][2] - The independent financial advisor confirms that there are no direct or indirect paid engagements with third parties in this transaction [2] Group 2 - The listed company has engaged intermediary institutions for legal and auditing services as required by law for the restructuring process, which is deemed legal and compliant [2] - Apart from the legally required engagements, the listed company has not engaged any other third-party institutions or individuals for paid services in this transaction [2] - The independent financial advisor concludes that both the advisor and the listed company have adhered to the relevant regulations regarding third-party hiring in this transaction [2]

闻泰科技股份有限公司 控股子公司管理办法 （2025 年 5 月修订） 第一章 总则 第一条 为了规范闻泰科技股份有限公司（以下简称"公司"或"母公司"）控 股子公司（以下简称"子公司"）经营管理行为，促进子公司健康发展，优化公 司资源配置，提高子公司的经营积极性和创造性，依照《中华人民共和国公司法》 《中华人民共和国证券法》《上海证券交易所股票上市规则》及《闻泰科技股份 有限公司章程》（以下简称《公司章程》）等，特制定本办法。 第二条 母公司对子公司持股比例超过 50%，或者虽然未超过 50%，但是依据 协议或者母公司所持股份的表决权能对被持股公司董事会、股东会的决议产生重 大影响或实施控制的，母公司对其构成控股。本办法适用于有独立法人资格的控 股子公司。 第三条 母公司与子公司之间是平等的法人关系。母公司通过子公司股东会或董 事会依法行使股东权利，以其持有的股权/股份，依法对子公司享有资产收益、 重大决策、管理者选择、股份处置、监督审计等股东权利，母公司以其认缴的出 资额或认购的股份为限对子公司承担责任。 第四条 子公司依法享有法人财产权，以其法人财产自主经营，自负盈亏，对母 公司和其他股东投入的资本承担 ...