Core Viewpoint - The company has successfully developed high-performance and high-reliability precision components for power semiconductors, enhancing its competitive edge in the semiconductor industry through strategic partnerships and investments [1][2] Group 1: Company Developments - The company has over 20 years of experience in the automotive parts industry and has a comprehensive reserve of process technology and production capacity [1] - It has developed precision components such as high-temperature resistant insulation side frames and high-precision lead frames for power semiconductors, which have been validated by leading power semiconductor manufacturers [1] - The company has signed a joint venture agreement with ChipLink Fund to establish a private fund in Shaoxing, Zhejiang Province, aimed at investing in semiconductor precision components and automation production lines [1] Group 2: Industry Positioning - ChipLink Integrated Circuit Manufacturing Co., Ltd. is one of the largest automotive-grade IGBT manufacturers in China and ranks among the top in Asia for SiC MOSFET shipments [2] - The joint investment in the ChipLink Investment Fund will enhance the company's market supply capacity for semiconductor precision components and strengthen its competitiveness in the semiconductor field [2] - The project is expected to create a second growth curve for the company, providing strong support for its long-term development [2]

Core Insights - The company has over 20 years of experience in the automotive parts industry and has developed high-performance, high-reliability components for applications in new energy vehicles, industrial control, and photovoltaic inverters [1][2] - The company has successfully developed core precision components for semiconductors, including high-temperature resistant insulation side frames and high-precision lead frames, which have been validated by leading power semiconductor manufacturers [1] - A joint venture agreement has been signed with a private equity fund to establish a fund focused on investing in semiconductor industry-related precision components and automation production lines [1][2] Company Developments - The joint venture with the private equity fund will enhance the company's market supply capacity for semiconductor core precision components and strengthen its competitiveness in the semiconductor field [2] - The establishment of the joint venture is expected to create a second growth curve for the company, providing strong support for its long-term development [2]

Core Viewpoint - The company, Weike Precision, is acquiring 100% equity of Shaoxing Weixin Youke Precision Parts Co., Ltd. from Tancon Precision Engineering for $2 million, aiming to enhance its capabilities in the semiconductor industry [1][2]. Group 1: Equity Transfer Agreement - On October 21, Weike Precision signed an equity transfer agreement to acquire 100% of Weixin Youke, which was established in August 2025 and has not yet commenced actual operations [1]. - The registered and paid-in capital of Weixin Youke is $2 million [1]. - Tancon Precision Engineering, the current shareholder, holds 69.62% of Weike Precision's shares [1]. Group 2: Strategic Development in Semiconductor Industry - Post-acquisition, Weike Precision plans to utilize Weixin Youke to develop, design, produce, and sell precision components and automated production lines for the semiconductor industry, thereby enhancing its market supply capacity [2]. - The company has successfully developed high-performance, high-reliability components suitable for power semiconductors, which have been validated by leading manufacturers [2]. Group 3: Joint Investment Fund - Weike Precision has signed a joint venture agreement with ChipLink Private Fund Management to establish a private fund in Shaoxing, Zhejiang, aimed at investing in semiconductor-related projects [3]. - The local government is expected to contribute approximately 30% to the fund, while ChipLink Integrated Circuit Manufacturing will contribute no less than 65% [3]. - This investment initiative is intended to expand the production capacity of high-end precision components and enhance the company's competitiveness in the semiconductor and automotive sectors [3].