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 mainly engaged in integrated circuit design, development, sales and high-tech investment group companies that provide advanced solutions. The product is mainly used in the fields of smart cards, radio frequency identification, and wireless communication. It has R&D design and application development advantages. It is one of the companies with the most comprehensive smart card chip and WLAN chip technology and the widest range of application fields 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 national identity cards, social security cards, fuel cards, telecom cards, meter cards, transportation cards, wireless network devices, 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 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. China Electronics Group holds a total of approximately 59.42% of the Company's issued share capital through its wholly-owned subsidiaries. The company will take advantage of shareholder companies' outstanding advantages in electronics manufacturing, design and IT services to actively develop related businesses, implement diversified development strategies, achieve a new industrial layout through mergers, acquisitions and restructuring, effectively enhance the ability to control key technologies, concentrate superior resources, seek investment opportunities, and carry out strategic acquisitions; and integrate management, ideas, culture and business, actively absorb high-tech, participate in international competition through connotative development and extension expansion, so that the company's technology and management level can reach international standards, and strive to make the company an advanced chip in China's integrated circuit design field Design technology, multiple independent intellectual property rights, rich product lines, and large-scale international integrated circuit design enterprises maximize the synergistic benefits between China Electronics Group and the Company and bring more value to shareholders.