Saiwei Electronics: Its affiliated subsidiary Silex in Sweden plans to carry out a IPO on the Swedish Nasdaq IPO of Sweden, Nasdaq Sweden.

Gelonghui, April 7 | Saiwei Electronics (300456.SZ) announced that the company held a meeting of its board of directors and approved a resolution regarding its participation in the equity of Swedish Silex, which plans to pursue an offshore listing. The company and its wholly owned subsidiaries, in aggregate, hold 45.24% of Swedish Silex’s shares. To promote business expansion and long-term development, it plans to facilitate Swedish Silex’s listing on Nasdaq Stockholm IPO in Sweden. The company authorizes the chairman of the board or the general manager to handle matters such as opening accounts and signing agreements, with an authorization period of 12 months. This matter does not constitute a related-party transaction or a major asset restructuring, and therefore does not require consideration by the shareholders’ meeting. If the listing is successful, the directors appointed by the company will resign, and due to the substantial decrease in the shareholding ratio, the company’s influence on Swedish Silex’s decisions will be significantly reduced. At present, the specific valuation, issuance size, and timing are still uncertain, and there are risks of uncertainty.