Tecnon (Fujian) Commercial Lighting Co., Ltd. (hereinafter referred to as the "Company") completed the acquisition of 2020% equity interest in Bostar Technology (Hong Kong) Co., Ltd. and its related companies (hereinafter referred to as "Bostar") in September 9. As a professional authorized distributor of well-known original manufacturers in the field of RF front-end chips and sensor chips, Bostar is engaged in semiconductor distribution agency business in consumer electronics, wireless mobile, industrial and other markets, and provides comprehensive and efficient on-site technical support services. From January to June 100, Bostar's operating income increased by 2021.1% year-on-year, maintaining rapid growth.
Before the acquisition, the listed company provided customers with commercial lighting overall solutions including lighting design, development and production, and system services, and the main products included lighting appliances, LED displays and photoelectric signage. After the completion of this acquisition, the company started from entering the field of semiconductor distribution and application scheme design, and realized the strategic layout of the semiconductor industry by listed companies. In 2020 and January-June 2021, the revenue of semiconductor distribution business within the scope of the consolidated statements of listed companies was 1 million yuan and 6.7 billion yuan, accounting for 40.25% and 28.65% of the operating income of the consolidated statements of listed companies, respectively.
In the future, the listed company will deepen its industrial layout in the semiconductor high-tech field through continuous team building, business layout and M&A investment, and achieve the strategic goal of transforming the company into a technology-based enterprise.
In order to reflect the company's multi-business, divisional operation and management structure, as well as the development plan of continuous transformation to a group-based and technology-based enterprise, and to facilitate market investors and business partners to understand the company's strategic positioning and development direction, the company changed its securities to "Tecnon shares".
