Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
2
Number of companies transferredWording
Conditional
How definitive the wording is.This transaction
This transferCounterpartyTinglin Chuangye Gongchang (Kunshan) Investment Co., Ltd.
Disclosing companyV Technology Co.,Ltd.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company
Yield-improvement services for small- and medium-sized OLED panels, Agricultural business
Location No. 599 Shipa Taji Road, Bacheng Town, Kunshan, Jiangsu Province, China, No. 599 Shipa Taji Road, Bacheng Town, Kunshan, Jiangsu Province, ChinaShare capital CNY 30 million, CNY 10 millionDate of incorporation 1 April 2020, 30 June 2021
Net SalesCNY 0 million (fiscal year ended December 2025), CNY 0 million (fiscal year ended December 2025)
Operating profitCNY -4 million (fiscal year ended December 2025), CNY -3 million (fiscal year ended December 2025)
Net income for the current fiscal yearCNY -5 million (fiscal year ended December 2025), CNY -3 million (fiscal year ended December 2025)
Net assetsCNY -11 million (fiscal year ended December 2025), CNY 0 million (fiscal year ended December 2025)
Consideration and expenses
Acquisition priceThe transfer price will not be disclosed following discussions with the transferee.
Type of ConsiderationCash (transfer price not disclosed)
Impact on Business Performance
The impact of this transfer on the company's consolidated results for the fiscal year ending March 2027 will be immaterial.
| Item | Details |
|---|---|
| Transaction name | This transfer |
| Counterparty name | Tinglin Chuangye Gongchang (Kunshan) Investment Co., Ltd. |
| Name of the Subject Company | Weitieke Huancai Optoelectronics Technology (Kunshan) Co., Ltd., Aimeike Agricultural Technology (Suzhou) Co., Ltd. |
| Business Description of the Subject Company | Yield-improvement services for small- and medium-sized OLED panels, Agricultural business |
| Location of the Subject Company | No. 599 Shipa Taji Road, Bacheng Town, Kunshan, Jiangsu Province, China, No. 599 Shipa Taji Road, Bacheng Town, Kunshan, Jiangsu Province, China |
| Capital Stock of the Subject Company | CNY 30 million, CNY 10 million |
| Date of Establishment of the Subject Company | 1 April 2020, 30 June 2021 |
| Net Sales of the Subject Company | CNY 0 million (fiscal year ended December 2025), CNY 0 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | CNY -4 million (fiscal year ended December 2025), CNY -3 million (fiscal year ended December 2025) |
| Net Income of the Subject Company | CNY -5 million (fiscal year ended December 2025), CNY -3 million (fiscal year ended December 2025) |
| Net Assets of the Subject Company | CNY -11 million (fiscal year ended December 2025), CNY 0 million (fiscal year ended December 2025) |
| Acquisition price | The transfer price will not be disclosed following discussions with the transferee. |
| Type of Consideration | Cash (transfer price not disclosed) |
| Voting rights ownership percentage | Before VSC 40.0%、IMEC 50.0% → after VSC 0.0%、IMEC 0.0% |
| Impact on Business Performance | The impact of this transfer on the company's consolidated results for the fiscal year ending March 2027 will be immaterial. |
| Date of board resolution | 29 October 2026 |
| Contract Date | 30 October 2026 (予定) |
| Execution Date / Effective Date | 30 November 2026 (予定) |
Items this document does not state (14)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company will review its business portfolio and concentrate management resources on growth areas such as semiconductors, while transferring VSC and IMEC, which have continued to perform poorly, to strengthen its financial position.
How to read this page
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