Core Viewpoint - The company is undergoing a significant transformation from real estate to semiconductor-related businesses, reflected in its name change and revised business scope [1][2][3] Group 1: Company Name and Business Scope Change - The company plans to change its Chinese name to "Shanghai Vital Microtech Co., Ltd." and its English name accordingly [1] - The business scope will be adjusted to include sales of integrated circuit chips and electronic special equipment, among other semiconductor-related activities [1] Group 2: Strategic Rationale for Change - The board of directors cites a strategic shift towards semiconductor equipment, materials, and components, driven by self-research and mergers and acquisitions [2] - By June 30, 2025, the company's business structure is expected to have significantly changed, with revenues from equipment and materials surpassing those from real estate [2] - The company aims to accelerate its transition to a platform focused on semiconductor equipment, materials, and components [2] Group 3: Future Development Strategy - The actual controlling shareholder will change to Xian Dao Technology Group Ltd. on November 28, 2024, aligning with the company's future strategic direction [2] - The company intends to leverage the financial, technological, and industrial resources of its new controlling shareholder to target strategic emerging markets [2] - The name change and business scope adjustment are intended to better reflect the company's core business and enhance its brand value [3]
万业企业拟更名为“上海先导基电科技”