On January 13, the Jiangsu Regulatory Bureau disclosed the coaching registration information of Kunshan QVT Microelectronics Technology Co., Ltd. (hereinafter referred to as "Kunshan QVT China"). Its sponsor is Huatai United and the registration date is January 7, 2021.
It is understood that Kunshan QVT China is an indirect wholly-owned subsidiary of QVT Technology, mainly engaged in the design, research and development, manufacturing and sales of camera modules for smart mobile terminals such as mobile phones, automobiles and the Internet of Things.
Tianyancha shows that its former name was Kunshan Q Technology Co., Ltd., and it was established on October 15, 2007 with a registered capital of RMB 2.888 billion. Its investment and holding companies include KUNSHAN Q TECHNOLOGY (HONG KONG) LIMITED, Kunshan Q Technology Co., Ltd., Chengdu Q Technology Co., Ltd., Shenzhen Q Technology Co., Ltd., Zhuhai Q Technology Co., Ltd. and Kunshan Q Technology Co., Ltd.
Looking back, QVT Technology issued an announcement on the evening of December 15, 2020, stating that it was considering the possible spin-off of Kunshan QVT China and listing it independently on the Shenzhen Stock Exchange or the Shanghai Stock Exchange.
Regarding the spin-off, Q Technology pointed out that once the proposed spin-off is realized, it may constitute a notifiable transaction of the company under Chapter 14 of the Listing Rules. The company will make further announcements on the proposed spin-off in due course in accordance with the relevant requirements of the Listing Rules.
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