Core Viewpoint - The company is restructuring its production capacity in response to market adjustments, including the planned closure of the Nanke 5 plant and the transfer of production lines to other facilities, aiming to enhance operational efficiency and focus on long-term growth potential [1][2][3]. Group 1: Plant Closures and Capacity Adjustments - The company announced the closure of the Nanke 5 plant, with plans to complete the production line migration by mid-2026, transferring related product lines to the Zhunan T2 plant and Nanke 3 plant [2]. - This closure follows the earlier shutdown and sale of the Nanke 4 plant to TSMC, marking another significant step in the company's capacity restructuring efforts [1]. - The company is also set to close its Nanjing module plant in mainland China in 2024, relocating equipment to the Ningbo plant and laying off approximately a thousand employees [1]. Group 2: Strategic Focus and Long-term Goals - The company emphasizes that the restructuring plans have undergone careful evaluation to ensure they do not disrupt customer demand, with a commitment to assist clients in production redistribution and re-certification processes [4]. - The chairman stated that over the next six years, the company will deepen its transformation into a Tier 1 automotive supplier and actively engage in advanced semiconductor packaging, aiming to create higher value for the company and its stakeholders [5]. - The company is preparing to list its subsidiary CarUX in the U.S. and has announced a significant acquisition of Pioneer for approximately NT$33.7 billion (about RMB 8.26 billion), enhancing its service offerings for automotive clients [6].