On 1 March 2021, Dalian Morningstar Network Technology Co., Ltd. ("Morningstar Technology ") non-public offering of shares ("this non-public offering") project was approved by the China Securities Regulatory Commission.
Morningstar Technology's non-public offering of shares is fully subscribed by its controlling shareholder Jucheng Group and the total amount of funds to be raised will not exceed RMB 449.5 million, which will be used to pay for the acquisition of 51% equity of Shanghai Huixinchen Industrial Co., Lmd. ("Huixinchen") LCOS R&D and production projects.
Huixinchen is mainly engaged in the R&D and production of LCOS optical modulation chips (optical valve chips) and LCOS optical modules (optical machines). As a leading LCOS chip company in China, Huixinchen has the ability to simulate chip design, packaging testing and optical design in the whole process. LCOS chip which is self-developed by Huixinchen uses unique technology to solve the shortcomings of traditional LCOS chips such as low reliability and low brightness.
Llinks provides legal services to Morningstar Technology such as project demonstration, legal opinions, response to feedback questions from regulatory agencies and so on.
