Netac Technology announced that Shaoguan Langzheng, a joint venture established by the company and Zhengyuanxin Semiconductors (Shenzhen) Co., Ltd. in December 2022, mainly engages in storage chip packaging and testing business. Due to insufficient orders, Shaoguan Langzheng has had little revenue and continuous losses since its establishment, and the company, considering the industry's development status, has decided to shut down Shaoguan Langzheng. This shutdown will have a relatively small impact on the company's revenue, beneficial for preserving state-owned assets, and effectively safeguarding the interests of the company and all shareholders.
朗科科技：合资公司关停
Netac Technology: Joint venture company shutdown.
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