Xindafeng acquires Mingxin Microelectronics

Xindafeng completed the acquisition of Mingxin Microelectronics for RMB 30,029,700. Mingxin Microelectronics is a company engaged in the research and development and production of semiconductor components. Its main products include Schottky and fast recovery diodes, MOSFET, IGBT, SiC and other power devices. This acquisition will help Xindafeng integrate resources, optimize asset structure and improve asset quality.