Subsidiary of Hangjin Technology (000818.SZ) intends to list and transfer 51% equity of CEC Huaxing.

Hangjin Technology (000818.SZ) announced that its wholly-owned subsidiary, Weike Electronic Module (Shenzhen) Co., Ltd. (referred to as "Weike Electronics"), intends to transfer 51% equity of Shenzhen Zhongdian Huaxing Electronic Technology Co., Ltd. (referred to as "Zhongdian Huaxing") held through Wuhan Optics Valley United Equity Exchange (referred to as "United Exchange") by public listing. After the transaction, Weike Electronics will no longer hold equity in Zhongdian Huaxing, and Zhongdian Huaxing will no longer be included in the company's consolidated financial statements. This equity transfer is based on the consideration of focusing on the development of the company's main business, and is mainly aimed at better focusing on the main business and adjusting the investment structure. This transaction is beneficial for enhancing the company's profitability and core competitiveness, as well as benefiting the interests of the company and all shareholders.