Group 1 - The company, Qitian Microelectronics, announced the establishment of a wholly-owned subsidiary, Shenzhen Junshenghe Trading Co., Ltd., with an investment of 5 million RMB, aimed at enhancing business development and competitiveness [2][3] - The subsidiary will engage in various activities including import and export of goods and technology, domestic trade, and software services, aligning with the company's strategic planning [3] - Qitian Microelectronics primarily focuses on the R&D, design, production, and sales of LCD and touch products, including monochrome and color LCD modules and capacitive touch screens [3] Group 2 - The company approved a proposal to postpone the completion dates for its fundraising projects, including the electronic paper module production line, R&D center construction, and Shenzhen industrial base, now set to December 31, 2027 [4][5] - The delay is attributed to the complexity of land transfer processes and the need to optimize factory layouts for smart production standards, while ensuring the feasibility and necessity of the projects remain unchanged [7] - The company asserts that the postponement will not adversely affect current operations and aligns with long-term strategic goals [7]
秋田微:拟设立全资子公司,募投项目延期