Prior to this, Changjiang Electronics Technology Co., Ltd. held an extraordinary shareholders' general meeting on October 17, 2017, which reviewed and passed the Proposal on Absorption of the Wholly-owned Subsidiary Shengsheng Electronics and agreed to merge the wholly-owned subsidiary Xin Sheng Electronics .
Xin Sheng Electronics is a joint venture between Changjiang Electronics and Toshiba Electronics (China) Co., Ltd. on May 11, 2011. The company is headquartered in Jiangyin, Jiangsu Province. Since its establishment, Singstar has been focusing on the development and production of camera modules And has won the favor of international mobile phone brand clients with the complete quality system, R & D capability, production equipment, production technology and manufacturing capability possessed by high-end pixel modules.
The merger will help Changjiang Electronics Technology reduce operating and management costs, optimize the management structure and improve operational efficiency, which is conducive to optimal allocation of production resources, in line with the development strategy of Changjiang Electronics Technology, Changjiang Electronics Technology will have a positive impact on development. After that, the independent legal person qualification of Xinsheng Electronics will be canceled. As a surviving company after the merger, it will inherit the rights and obligations of all assets and liabilities of Xinsheng Electronics according to law.