The top management of Wingtech Technology is undergoing a major shake-up. All the successors after the wave of departures come from Nexperia Semiconductor.
The latest announcement this year shows that the board of directors of Wingtech Technology has agreed to nominate Yang Mu and Zhuang Wei as candidates for non-independent directors of the company. It is agreed that Shen Xinjia will serve as the employee representative director and vice president of the company. Before a new president is appointed by the company, Shen Xinjia will act as the president on his behalf. The announcement shows that Wingtech Technology has nominated Yang Mu and Zhuang Wei as candidates for the company's new non-independent directors, and Shen Xinjia has been elected as the employee representative director by the employee representative assembly. It is worth noting that the resumes of these three "newcomers" are all closely related to Nexperia Semiconductor. Be a candidate for non-independent director of the company. This candidate, born in 1990, was formerly an investment analyst at Wells Fargo in the United States. He joined Wingtech Technology in May 2019 and worked at a private equity fund management company under the controlling shareholder of Wingtech Technology from 2021 to 2024. He currently serves as the Senior Director of Strategy at Nexperia Semiconductor. Zhuang Wei was also nominated as a candidate for non-independent director. He is a second-level human resources management professional and has previously served as the recruitment director at Flextronics and the senior manager of recruitment and compensation and benefits at NXP Semiconductors' Dongguan factory. He has held positions such as Director of Compensation and Benefits Management for Asia and Global Sales HRBP at Nexperia Semiconductor. Currently, he serves as Senior Director of Global Human Resources and Assistant to CEO Human Resources at Nexperia Semiconductor.
Wingtech Technology was once the leading enterprise in the global mobile phone ODM industry. Due to the fluctuations in the electronics industry and the intensification of international trade frictions, this capital-intensive and low-margin business has gradually become a heavy burden for the company.
Especially after being placed on the "Entity List" by the United States at the end of 2024, the supply chain and customer relationships of its product integration business were severely impacted, and the order volume decreased significantly. For this reason, Wingtech Technology has initiated a major asset sale, planning to transfer the core assets of its product integration business to Luxshare Precision Industry Co., Ltd. and its subsidiaries through a cash transaction. According to the announcement on July 15th, the equity and business asset package of the domestic subsidiary involved in this transaction have been completed.
After divesting the ODM business that has been the main source of revenue but has been under continuous pressure, the future of Wingtech Technology now hinges on its semiconductor business. In October 2018, Wingtech Technology released an acquisition plan, announcing the acquisition of Nexperia Semiconductor. According to the announcement, the direct motivation for this personnel adjustment is to align with the company's new strategy of focusing on semiconductors.
The announcement shows that the board of directors of Wingtech Technology has recently received written resignation reports from Chairman and President Zhang Qiuhong, employee representative Director and Vice President Dong Botao, Director Xie Guosheng, and Board Secretary Gao Yu. The reason for resignation is uniformly stated in the announcement as "job change". To fill the vacancy and provide more targeted strategic guidance and decision support for the long-term development of the semiconductor business, the company has decided to introduce personnel with profound professional backgrounds and rich practical experience in the semiconductor business field into the board of directors.
Shen Xinjia has been appointed as a representative director of the company's employees and was hired by the board of directors as the vice president of the company. Before the new president is appointed, she will act as the president. He holds a bachelor's degree in law from East China University of Political Science and Law and a master's degree in law from Columbia University, and is qualified as a legal professional in China. Shen Xinjia has over 15 years of experience as a legal advisor. She previously served as the legal advisor for Bosch China Investment Co., LTD. In January 2017, she joined Nexperia Semiconductor as the legal head for the Asia-Pacific region and is currently the Chief Affairs Officer of the CEO's Office at Nexperia Semiconductor.
Wingtech Technology explained two reasons for the expected increase in performance: Firstly, due to the gradual recovery of market demand, the company's continuous deepening of cost reduction and efficiency improvement strategies, and the optimization of the company's supply chain, the semiconductor business revenue in the first half of 2025 achieved year-on-year growth. Second, both the comprehensive gross profit margin and the net profit margin have increased simultaneously, effectively enhancing the profitability. This series of personnel arrangements also indicates that in the future core decision-making level of Wingtech Technology, the "Anshi Group" team has come to the forefront, providing more targeted strategic guidance and decision support for the long-term development of the company's semiconductor business.
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