It is understood that after completion of the capital increase, Anker Innovations will hold a 2.79% stake in Navitas. The counterparty does not belong to the company, and this capital increase does not constitute a related party transaction.
Since its inception, Anke Innovation has grown at an annual growth rate of over 50%. Anke Innovation's earnings report for the first half of 2017 shows that the company's offline and online market share accounted for close to 3:7, starting to realize 'all channels'. Cover'.
It is reported that Navitas's main business is the research and development of semiconductor integrated circuit chips. Anker Innovations invested US$3,000,000 to obtain a 2.79% stake in Navitas' capital increase. Anker Innovations stated that the company’s transaction is based on a long-term development perspective. It was decided that this overseas investment can further enhance the company's overall strength and expand the company's external market, which is of positive significance to the company's development.