Rexon Precision's Response: Actively rectifying, further improving anti-monopoly compliance management mechanisms.
Richtek Precision responded to the relevant penalties imposed by the State Administration for Market Regulation, stating that the penalty was due to the company's acquisition of part of the business of Weltai Technology without timely filing for operator concentration. After investigation and evaluation by the competent authority, it was determined that this operator concentration does not have the effect of excluding or restricting competition. The company has received and respects the relevant administrative penalty decision and will pay a fine of 900,000 yuan in accordance with the law. This penalty does not affect the company's normal operation and financial situation. The company attaches great importance to compliance with anti-monopoly and operator concentration reporting requirements, has actively rectified this issue, and further improved the anti-monopoly compliance management mechanism.
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