希荻微: 希荻微关于控股子公司重大事项提示公告

Core Viewpoint - The company is facing significant governance issues with its subsidiary Zinitix, which may lead to a loss of control over the subsidiary and potential adverse financial impacts in 2025 [1][2][8]. Group 1: Governance Issues - The company has discovered alleged misconduct by current directors of Zinitix, prompting a request for a temporary shareholders' meeting to elect new directors [1][5]. - The current board of Zinitix is obstructing the election process, and as of the announcement date, the board has not been re-elected [1][2]. - The company is pursuing legal actions in both the United States and South Korea against the involved directors to protect shareholder interests [5][9]. Group 2: Shareholding Structure - Halo Microelectronics International Corporation (HMI) remains the largest shareholder of Zinitix, holding a combined 35.31% stake with its subsidiaries, which grants it veto power over special resolutions [2][8]. - The ongoing disputes with the current board may hinder the company's ability to complete the board re-election in a timely manner, raising the risk of losing control over Zinitix [2][8]. Group 3: Financial Implications - If the company loses control over Zinitix, it will no longer consolidate Zinitix's financials, leading to the termination of goodwill recognition and potential losses, which could significantly impact the company's 2025 financial statements [2][8]. - Zinitix's revenue for the first quarter of 2025 was reported at RMB 48.07 million, accounting for 27.06% of the company's total revenue for that period [8].