On November 29th, JCET Group (Changjiang Electronics Technology Co., Ltd.) announced in an evening report that the transaction in which the National Integrated Circuit Industry Investment Fund (Big Fund) and Chipwise Semiconductor (Shanghai) Co., Ltd. transferred their 22.53% stake in JCET to Panstone Ruinqi (Shenzhen) Information Management Co., Ltd., a subsidiary of China Resources Group, has received approval from the State Administration for Market Regulation and the Korea Fair Trade Commission. The transaction has now been fully completed.
According to the announcement, JCET held its third extraordinary general meeting in 2024, which resulted in the reorganization of the board of directors. After this reorganization, Panstone Ruinqi will hold a controlling majority on the board. Following an evaluation of the current shareholder structure and board composition, JCET has determined that its controlling shareholder is now Panstone Ruinqi, and the actual controller is China Resources Limited.
Founded in 1972, JCET is a global leader in integrated circuit manufacturing and technology services, committed to providing comprehensive, one-stop chip product manufacturing solutions for semiconductor customers worldwide. These solutions include micro-system integration, design simulation, wafer-level testing, chip and device packaging, finished product testing, product certification, and global direct shipping.
JCET currently offers advanced and comprehensive chip product manufacturing technologies, including wafer-level packaging (WLP), 2.5D/3D packaging, system-in-package (SiP), flip-chip packaging, wire-bonding packaging, and advanced traditional packaging solutions. These technologies are widely used in automotive electronics, artificial intelligence, high-performance computing, high-density storage, network communication, smart terminals, industrial and medical applications, and power & energy sectors.
The company has emphasized that this change in control will not negatively affect its daily operations, business, assets, organization, personnel, or finances. The shift to having a controlling shareholder and actual controller will not harm the interests of the company or its minority shareholders.
