Recently, Beijing Neville Technology Co., Ltd. completed the change of business license in the industrial and commercial system, and the name was changed to "Beijing Sai Microelectronics Co., Ltd". At the same time, the company's English name was changed from "NAVTECH INC." to "Sai MicroElectronics Inc.". The selection and change of the company's new Logo and the update of the official website are in progress.
Upon the application of the company and approved by the Shenzhen Stock Exchange, the company's securities abbreviation has changed since May 18, 2020. The company's Chinese securities abbreviation has been changed from "Neville Technology" to "Sai Microelectronics", and the English securities abbreviation has been changed from "NAVTECH" to "SMEI", and the company's securities code "300456" remains unchanged.
In 2019, the company's MEMS business revenue and profit contribution accounted for more than 70%, and the semiconductor business has become the company's core business. In order to better fit the company's operating reality and better reflect the company's industrial layout and strategic development positioning, To make the company name more in line with the status of listed companies, the company name, securities abbreviation and business scope have been changed this time.
Sai Microelectronics will focus on the development of MEMS, GaN business, and continue to develop navigation, avionics business. With the vigorous development of science and technology in the world and the increasingly fierce international competition, Saiwei Electronics will actively grasp the development opportunities of the times based on its own advantages and is committed to becoming an industry-leading international science and technology enterprise group.