SWEC plans to change its company name to: Shanghai XianDao JiDian Technology Co., Ltd
SWEC plans to change its company name to Shanghai XianDao JiDian Technology Co., Ltd., and will accordingly adjust its English name and business scope. This proposal needs to be submitted to the shareholders' meeting for review. In recent years, the company has focused on the fields of semiconductor equipment, materials, and components, and it is expected that by June 30, 2025, the business structure will undergo significant transformation, with a substantial decrease in the proportion of revenue from real estate business. The company's controlling shareholder will change to XianDao Technology Group Co., Ltd. on November 28, 2024, and in the future, it will leverage its resource advantages to promote the development of semiconductor-related businesses
According to the Zhitong Finance APP, SWEC (600641.SH) announced that the company plans to change its Chinese name, English name, and business scope, and revise the relevant content in the Articles of Association. The above proposal needs to be submitted to the company's shareholders' meeting for review. The company's Chinese name is proposed to be changed to: Shanghai VitalMicrotech Co., Ltd. The company's English name is proposed to be changed to: Shanghai VitalMicrotech Co., Ltd. The company's business scope will also be adjusted accordingly.
In recent years, the company has continuously laid out in the fields of semiconductor equipment, materials, and components, expanding its business categories around the core processes of integrated circuit manufacturing, and promoting overall business transformation through a combination of self-research and investment mergers and acquisitions. As of June 30, 2025, the company's business structure has undergone significant changes, shifting from the original real estate development and sales to emerging businesses such as semiconductor equipment, materials, and components. According to the company's semi-annual report for 2025, the combined revenue from the company's equipment and materials business far exceeds the revenue proportion from the real estate business. The company expects to accelerate its transformation towards a semiconductor equipment, materials, and components business platform this year. Meanwhile, on November 28, 2024, the actual controlling shareholder of the company changed to XianDao Technology Group Co., Ltd. (referred to as "XianDao Technology Group"). According to the company's future development strategy, it will continue to strategically layout industries such as integrated circuit equipment, materials, and components, combining with the financial, technological, and industrial resource advantages of its actual controlling shareholder, XianDao Technology Group, to anchor strategic emerging markets and strive to build a comprehensive platform for semiconductor equipment, materials, and components.
In light of the fact that the company's existing name can no longer fully reflect its current business structure and future development strategy, and to more comprehensively and accurately reflect the company's core business and industrial layout, as well as its future strategic development direction, while further enhancing the corporate image and brand value, making it easier for the capital market to understand the company's strategic positioning and core competitiveness, the company has carefully considered and researched, and plans to change its name and adjust its original business scope
