【Langfan】Announcement on Commitments Made During the Company's Stock Listing and Subsequent Implementation Status
Langfan Network Technology Co., Ltd. announced the implementation status of commitments made during its stock listing, particularly concerning the non-transfer of shares in its invested companies. The company had pledged not to transfer shares of specific invested companies unless approved by a special resolution of the shareholders' meeting in accordance with Article 185 of the Company Act. Share disposals of Super Vision Enterprise Limited, Jye Tai Precision Industrial Co., Ltd(HK), Crown World Industrial Limited, and Suzhou Jye Tai Precision Industrial Co., Ltd. have been approved by shareholders' meetings and relevant contracts signed.
📋 Article Processing Timeline
- 📰 Published: April 7, 2026 at 09:00
- 🔍 Collected: April 8, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 15, 2026 at 11:37 (171h 37m after Collected)
1.Date of occurrence of the event: 2026/04/07
2.Company name: Langfan Network Technology Co., Ltd.
3.Relationship with the company (please enter "the company" or "subsidiary"): The company
4.Mutual shareholding ratio: Not applicable
5.Cause of occurrence: Commitments made by the company when applying for stock listing from OTC to listed.
6.Countermeasures: Report subsequent implementation status in accordance with the above commitments.
7.Other matters that need to be specified (if the subject of the event or resolution is a public offering company or above, this material information also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act, which stipulates matters that have a significant impact on shareholders' equity or securities prices):
(1)Commitment: The company commits that after listing, it will absolutely not transfer the shares of the following invested companies unless approved by a special resolution of the shareholders' meeting in accordance with Article 185 of the Company Act:
Jye Tai Precision Industrial(BVI)Co.,Ltd. (referred to as JT-BVI)
Super Vision Enterprise Limited (referred to as SUPER VISION)
Jye Tai Electronics Co., Ltd. (referred to as JTE)
Suzhou Jye Tai Precision Industrial Co., Ltd. (referred to as JTS)
Jye Tai Precision Industrial(M)Sdn.Bhd. (referred to as JTM)
Jye Tai Precision Industrial Co.,Ltd(HK) (referred to as JT-HK)
Crown World Industrial Limited (referred to as CROWN WORLD)
Dongguan Jye Tai Electronics Co., Ltd. (referred to as JTC)
(2)Subsequent implementation status:
The company's disposal of "Super Vision Enterprise Limited", "Jye Tai Precision Industrial Co., Ltd(HK)" and their invested companies was approved by the ordinary shareholders' meeting on May 28, 2015. The disposal of "Crown World Industrial Limited" and its invested companies was also approved by the extraordinary shareholders' meeting on September 25, 2008. After the two disposal cases were approved by the shareholders' meeting, the chairman, in accordance with the authorization resolutions made by the board of directors on June 8, 2015 and June 30, 2015, signed an equity transaction contract with World Master Investments Limited on July 7, 2015 for Super Vision Enterprise Limited, Jye Tai Precision Industrial Co.,Ltd(HK) and Crown World Industrial Limited.
The company's disposal of Suzhou Jye Tai Precision Industrial Co., Ltd. was approved by the extraordinary shareholders' meeting on December 31, 2020. Regarding the transaction terms and related procedures for the disposal, the chairman was authorized by the board of directors' resolution on November 13, 2020 to handle it, and an equity transaction contract was signed with Wujiang Junye Precision Electronics Co., Ltd. on February 26, 2021.
All relevant disposals by the company comply with the listing commitments.
2.Company name: Langfan Network Technology Co., Ltd.
3.Relationship with the company (please enter "the company" or "subsidiary"): The company
4.Mutual shareholding ratio: Not applicable
5.Cause of occurrence: Commitments made by the company when applying for stock listing from OTC to listed.
6.Countermeasures: Report subsequent implementation status in accordance with the above commitments.
7.Other matters that need to be specified (if the subject of the event or resolution is a public offering company or above, this material information also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act, which stipulates matters that have a significant impact on shareholders' equity or securities prices):
(1)Commitment: The company commits that after listing, it will absolutely not transfer the shares of the following invested companies unless approved by a special resolution of the shareholders' meeting in accordance with Article 185 of the Company Act:
Jye Tai Precision Industrial(BVI)Co.,Ltd. (referred to as JT-BVI)
Super Vision Enterprise Limited (referred to as SUPER VISION)
Jye Tai Electronics Co., Ltd. (referred to as JTE)
Suzhou Jye Tai Precision Industrial Co., Ltd. (referred to as JTS)
Jye Tai Precision Industrial(M)Sdn.Bhd. (referred to as JTM)
Jye Tai Precision Industrial Co.,Ltd(HK) (referred to as JT-HK)
Crown World Industrial Limited (referred to as CROWN WORLD)
Dongguan Jye Tai Electronics Co., Ltd. (referred to as JTC)
(2)Subsequent implementation status:
The company's disposal of "Super Vision Enterprise Limited", "Jye Tai Precision Industrial Co., Ltd(HK)" and their invested companies was approved by the ordinary shareholders' meeting on May 28, 2015. The disposal of "Crown World Industrial Limited" and its invested companies was also approved by the extraordinary shareholders' meeting on September 25, 2008. After the two disposal cases were approved by the shareholders' meeting, the chairman, in accordance with the authorization resolutions made by the board of directors on June 8, 2015 and June 30, 2015, signed an equity transaction contract with World Master Investments Limited on July 7, 2015 for Super Vision Enterprise Limited, Jye Tai Precision Industrial Co.,Ltd(HK) and Crown World Industrial Limited.
The company's disposal of Suzhou Jye Tai Precision Industrial Co., Ltd. was approved by the extraordinary shareholders' meeting on December 31, 2020. Regarding the transaction terms and related procedures for the disposal, the chairman was authorized by the board of directors' resolution on November 13, 2020 to handle it, and an equity transaction contract was signed with Wujiang Junye Precision Electronics Co., Ltd. on February 26, 2021.
All relevant disposals by the company comply with the listing commitments.
FAQ
What commitments did Langfan Network Technology Co., Ltd. make during its stock listing?
Langfan Network Technology Co., Ltd. committed not to transfer shares of its invested companies, such as Jye Tai Precision Industrial(BVI)Co.,Ltd. and Super Vision Enterprise Limited, unless approved by a special resolution of the shareholders' meeting in accordance with Article 185 of the Company Act.
What share disposals has Langfan Network Technology Co., Ltd. made so far?
The company has disposed of shares in Super Vision Enterprise Limited, Jye Tai Precision Industrial Co., Ltd(HK), Crown World Industrial Limited, and Suzhou Jye Tai Precision Industrial Co., Ltd., with these disposals approved by shareholders' meetings and relevant contracts signed.