Holitech's subsidiary company plans to go public on the new third board

August 30, 2022

Core Tip: Holitech (002217) announced on the evening of August 29 that the company's holding subsidiary, Jiangxi Xingtai Technology Co., Ltd. (hereinafter referred to as "Xingtai Technology"), plans to carry out joint-stock restructuring and change the establishment of a joint stock limited company as a whole, with the goal of realizing Xingtai Technology is listed on the New Third Board.
Holitech (002217) announced on the evening of August 29 that the company's controlling subsidiary, Jiangxi Xingtai Technology Co., Ltd. (hereinafter referred to as "Xingtai Technology"), plans to carry out a joint-stock system restructuring and change the establishment of a joint stock company as a whole, with the goal of realizing Xingtai Technology in the new Three board listing. Holitech said that this shareholding system restructuring is a necessary condition for Xingtai Technology to be listed on the New Third Board, which will help Xingtai Technology to improve its corporate governance structure, improve its standard operation level, and also help Xingtai Technology to expand financing channels and enhance core competitiveness. .

It is reported that Xingtai Technology was established in June 2015 with a registered capital of 286 million yuan. It is located in Jizhou District Industrial Park, Ji'an City, Jiangxi Province. It is a one-stop service provider of electronic paper module EPD (Electronic-Paper Display) and complete machine (Entire Machine Service) integrating R&D, design, production and sales. Products are widely used in smart education, smart transportation, smart retail, smart healthcare, smart logistics, smart wear, smart home and other IOT fields.

Electronic paper, also known as electronic ink screen, is a new type of display technology that can imitate the visual perception of printing and writing on paper. The product has the characteristics of flexibility, low power consumption, and visual comfort. After the power supply of electronic paper products is turned off, the image can still be retained on the display for several days or even months. It can replace paper and has the advantage of eye protection compared with the general display with backlight. Its low-carbon and energy-saving characteristics make e-paper products one of the excellent solutions under the global "double carbon" goal, which is deeply in line with the design concept of environmental friendliness and environmental sustainability. According to RUNTO data, the market size is expected to reach US$72.3 billion (459 billion yuan) by 2025, with a five-year compound growth rate of 59%. With the advancement of the carbon neutrality and digital reform strategy of Carbon Dafeng, there is still room for innovation in future application scenarios and application terminals, and the development of the electronic paper market has broad prospects.

According to public information, Xingtai Technology, together with Eink and BOE, well-known upstream companies in the industry chain, jointly initiated the establishment of an electronic paper industry alliance to jointly participate in the discussion of the formulation of national and global industry standards, and use its own advantages to empower the industry. With the leading advantages and technological innovation advantages of electronic paper products, Xingtai Technology was selected into the list of "National Manufacturing Single Champion Demonstration Enterprises".