Hengxin Technology Ltd. (HXTL, 01085.HK) has announced that its indirect wholly owned subsidiary, Nanjing Zhangyu Information Technology Co., Ltd., signed a RMB92.00 million procurement contract with Suzhou Honghuiheng Metal Industrial Co., Ltd. on 26 March 2026 to equip the Group’s upcoming advanced packaging facility.
The agreement covers four categories of production assets: 1) Core equipment—grinding machine, laser grooving machine, chip mounter, flip-chip soldering equipment, ball-mounting and reflow systems, AOI visual inspection machines, X-ray inspection equipment and automated production lines; 2) Auxiliary equipment—including solder paste printers, reflow soldering machines, underfill dispensing and baking systems, automatic sorters and small production tools; 3) Information systems; and 4) Laboratory equipment such as PRECON reflow soldering and lab X-ray inspection units.
Key terms • Contract value: RMB92.00 million (inclusive of 13 % VAT) • Payment schedule: full settlement within three months of contract signing • Counterparty: Suzhou Honghuiheng, identified as an independent third party
Strategic rationale The purchase supports HXTL’s plan to establish an in-house advanced packaging facility, reinforcing the Group’s Integrated Circuits and Digital Technology segment and aligning with its long-term growth strategy.
Regulatory classification The highest applicable percentage ratio under Hong Kong’s Listing Rules exceeds 5 % but is below 25 %, categorising the transaction as a discloseable transaction under Chapter 14, thus requiring public announcement but not shareholder approval.
Board confirmation The directors consider the terms of the procurement fair, reasonable and in the interests of both the Company and its shareholders.
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