Shanghai Wanye Enterprises Co.,Ltd. (600641.SH) announced that the company plans to change its Chinese name, English name, and business scope, and revise relevant content in the Articles of Association. The aforementioned proposal still 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 expanded into semiconductor equipment, materials, and components, developing business categories around core integrated circuit manufacturing processes, and promoting overall business transformation through a combination of independent technology research and mergers and acquisitions.
As of June 30, 2025, the company's business structure has undergone significant changes, transforming from the original real estate development and sales to emerging businesses such as semiconductor equipment, materials, and components. According to the company's 2025 interim report, the combined revenue proportion of the company's equipment and materials business is much higher than that of the real estate business. The company expects to accelerate the transformation to a semiconductor equipment, materials, and components business platform this year.
Meanwhile, on November 28, 2024, the company's actual controlling shareholder changed to VitalTech Group Co., Ltd. (referred to as "VitalTech Group"). According to the company's future development strategy, the company will continue to strategically expand into integrated circuit equipment, materials, and components industries, combining with the capital, technology, and industrial resource advantages owned by the actual controlling shareholder VitalTech Group, targeting strategic emerging markets and committed to building a comprehensive semiconductor equipment, materials, and components platform.
Given that the company's current name can no longer fully reflect the company's current business structure and future development strategy, in order to more comprehensively reflect the company's core business and industrial layout, accurately reflect the company's future strategic development direction, and further enhance corporate image and brand value while making it easier for the capital market to understand the company's strategic positioning and core competitiveness, after careful demonstration and research, the company plans to change the company name and modify the company's original business scope.
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