About CE HUADA TECH Company

China Electronics Huada Technology Co., Ltd. is a red chip listed company focusing on the development of the electronic information industry. It is a high-tech investment group company mainly engaged in integrated circuit design, development, sales and provision of advanced solutions. The product is mainly used in the fields of smart cards, radio frequency identification, and wireless communication. It has advantages in R&D design and application development. It is one of the companies with the most comprehensive smart card chip and WLAN chip technology and the widest range of applications in China. It has a high market share in many application fields, and is a pioneer and leader in the domestic smart card chip industry. Products include second-generation resident ID cards, social security cards, gas cards, telecom cards, electric meter cards, transportation cards, wireless network equipment, etc. used by Chinese citizens. China Electronics Information Industry Group Co., Ltd. (“China Electronics Group” for short) is the ultimate controlling shareholder of the Company. The company is the only red chip company under the China Electronics Group. China Electronics Group was established in 1989 in accordance with Chinese law and approved by the State Council of China. It is a large state-owned group company directly managed by the central government. In total, China Electronics Group holds approximately 59.42% of the company's issued share capital through its wholly-owned subsidiaries. The company will use the outstanding advantages of shareholder companies in electronics manufacturing, design and IT services, actively carry out related business, implement diversified development strategies, achieve a new industrial layout through mergers and acquisitions, effectively enhance key technology control capabilities, concentrate superior resources, seek investment opportunities, and carry out strategic acquisitions; integrate management, ideas, culture and business, actively absorb high-tech, and participate in international competition through contextual development and epitaxial expansion to promote the company's technical and management level to reach international standards, and strive to make the company have advanced chips in the field of integrated circuit design in China Design technology, multiple independent intellectual property rights, rich product lines, and large-scale international integrated circuit design enterprises maximize the collaborative benefits between China Electronics Group and the Company, and bring more value to shareholders.