WINGTECH(SH:600745) Zheng Quan Shi Bao·2025-10-15 18:08Core Viewpoint - The company, Wentai Technology, held an extraordinary shareholders' meeting on October 15, 2023, to address the operational intervention by the Dutch government affecting its subsidiary, Nexperia, and to discuss the implementation of the 2025 Employee Stock Ownership Plan [2][4]. Group 1: Company Actions and Plans - The shareholders approved the 2025 Employee Stock Ownership Plan, aiming to raise a maximum of 57.158 million yuan, with a stock issuance not exceeding 1.572 million shares, representing about 0.13% of the total share capital [4]. - The company plans to base the performance assessment of the employee stock ownership plan on the net profit growth rates of the semiconductor division, targeting increases of 20%, 80%, and 110% for the years 2025, 2026, and 2027, respectively [4]. - The company is actively communicating with international law firms to explore legal remedies and will take all necessary actions to protect the rights of the company and its shareholders [4][10]. Group 2: Market and Financial Performance - In the first half of the year, Wentai Technology achieved total revenue of 25.341 billion yuan, a year-on-year decrease of 24.56%, while the net profit attributable to shareholders was 474 million yuan, an increase of 237.36% [10]. - The domestic market has become a significant source of growth for the semiconductor and product integration businesses, with the Chinese market accounting for approximately 50% of global sales [10]. Group 3: Operational Challenges - Nexperia faces operational challenges due to a global operational freeze imposed by the Dutch government, which has restricted exports of specific finished parts and subcomponents produced in China [5][7]. - The company has been required to establish a supervisory board with veto power over critical matters, which Wentai Technology has deemed unacceptable [8][9]. - The management changes at Nexperia, including the appointment of a new interim CEO, reflect the ongoing turmoil and the need for strategic adjustments in response to the intervention [6][9].