Chingcheng Technology Announces Contents of Material Information Briefing Regarding Share Swap with Taiwan Gingstar Technology
Chingcheng Technology announced its plan to make Taiwan Gingstar Technology a wholly-owned subsidiary through a share swap. Chingcheng Technology will exchange 0.342 shares for every 1 share of Taiwan Gingstar Technology, aiming to enhance business and market expansion in automotive electronics and industrial control.
📋 Article Processing Timeline
- 📰 Published: May 7, 2026 at 09:00
- 🔍 Collected: May 8, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 8, 2026 at 08:03 (3 min after Collected)
1. Date of occurrence of the event: 2026/05/07
2. Company name: Chingcheng Technology Co., Ltd.
3. Relationship with the company (please enter 'our company' or 'subsidiary'): Our company
4. Mutual shareholding ratio: Not applicable
5. Reason for the occurrence: The company's board of directors resolved to approve the share swap with Taiwan Gingstar Technology Co., Ltd.
6. Countermeasures: The company held a material information briefing at 19:30 on May 7, 2026, at the Taiwan Stock Exchange to explain this case.
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 meets the matters that have a significant impact on shareholders' equity or securities prices as stipulated in Article 7, Paragraph 9 of the Enforcement Rules of the Securities Exchange Act):
Chingcheng Technology Co., Ltd. (stock code: 6191, hereinafter referred to as the Company) and Taiwan Gingstar Technology Co., Ltd. (stock code: 8183, hereinafter referred to as Taiwan Gingstar) each held a board meeting today (May 7, 2026) and resolved that the Company intends to proceed with a share swap with other shareholders of Taiwan Gingstar, excluding the Company, by issuing new shares in accordance with the Company Act, the Business Mergers and Acquisitions Act, and other relevant regulations. The share swap ratio will be 0.342 ordinary shares of the Company for every 1 ordinary share of Taiwan Gingstar. After the completion of the share swap, Taiwan Gingstar will become a wholly-owned subsidiary of the Company.
Taiwan Gingstar is scheduled to convene its annual general meeting of shareholders on June 18, 2026, to discuss this proposal. After the resolution is approved by the general meeting of shareholders and relevant regulatory approvals are obtained, Taiwan Gingstar will apply for delisting and cessation of public offering in accordance with relevant regulations. The tentative record date for the share swap is October 1, 2026.
The Company is an important manufacturer in the PCB and EMS fields. Its PCB products mainly cover applications such as PC/NB, servers and network communications, consumer electronics, and automotive electronics. It is also actively expanding into high-end product fields such as high-layer printed circuit boards (HLC Accelerator) for servers and network communications applications, and semiconductor fixtures. EMS provides complete process services from SMT placement to system assembly. In response to international economic trends, the Company has established multiple production bases at home and abroad to provide professional vertical integration services to customers. Taiwan Gingstar is a professional electronic manufacturing service provider (EMS), mainly engaged in printed circuit board assembly and processing (PCBA) business, including SMT (Surface Mount Technology), PTH (Plated Through-Hole), process inspection and testing, and assembly operations. Its product application areas include automotive electronics (including BMS, MCU, ADAS), industrial control, national defense and aerospace, consumer electronics, medical equipment, and network communications, with automotive products accounting for nearly 90%.
In recent years, the Company has been committed to transforming from the PC/NB field to high-value-added markets such as servers and network communications, and semiconductor fixtures. Taiwan Gingstar has been deeply involved in automotive electronics and industrial control fields for many years and possesses rich PCBA assembly experience. Through this share swap, both parties will be able to share resources, combine their competitive advantages, jointly expand global markets, and consolidate their position in the electronic manufacturing industry chain. The Company will combine Taiwan Gingstar's deep roots in the new energy vehicle supply chain to effectively expand its automotive customer base and optimize its automotive product portfolio to strengthen its global automotive market layout and accelerate its entry into the industrial control market to expand its outlets in automotive electronics and industrial control fields. This move will not only further expand its operational scale, diversify its overall revenue structure, but also significantly enhance its resilience against economic fluctuations and industry risks, and strengthen its global market competitiveness.
The Company and Taiwan Gingstar will work together to deeply cultivate the market, combining the Company's technology in PC/NB, high-end server boards, and semiconductor fixtures with Taiwan Gingstar's PCBA manufacturing capabilities in automotive and industrial control fields, to jointly seize the business opportunities brought by industrial upgrading in the era of AI and new energy vehicles, and continuously create long-term value for shareholders.
2. Company name: Chingcheng Technology Co., Ltd.
3. Relationship with the company (please enter 'our company' or 'subsidiary'): Our company
4. Mutual shareholding ratio: Not applicable
5. Reason for the occurrence: The company's board of directors resolved to approve the share swap with Taiwan Gingstar Technology Co., Ltd.
6. Countermeasures: The company held a material information briefing at 19:30 on May 7, 2026, at the Taiwan Stock Exchange to explain this case.
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 meets the matters that have a significant impact on shareholders' equity or securities prices as stipulated in Article 7, Paragraph 9 of the Enforcement Rules of the Securities Exchange Act):
Chingcheng Technology Co., Ltd. (stock code: 6191, hereinafter referred to as the Company) and Taiwan Gingstar Technology Co., Ltd. (stock code: 8183, hereinafter referred to as Taiwan Gingstar) each held a board meeting today (May 7, 2026) and resolved that the Company intends to proceed with a share swap with other shareholders of Taiwan Gingstar, excluding the Company, by issuing new shares in accordance with the Company Act, the Business Mergers and Acquisitions Act, and other relevant regulations. The share swap ratio will be 0.342 ordinary shares of the Company for every 1 ordinary share of Taiwan Gingstar. After the completion of the share swap, Taiwan Gingstar will become a wholly-owned subsidiary of the Company.
Taiwan Gingstar is scheduled to convene its annual general meeting of shareholders on June 18, 2026, to discuss this proposal. After the resolution is approved by the general meeting of shareholders and relevant regulatory approvals are obtained, Taiwan Gingstar will apply for delisting and cessation of public offering in accordance with relevant regulations. The tentative record date for the share swap is October 1, 2026.
The Company is an important manufacturer in the PCB and EMS fields. Its PCB products mainly cover applications such as PC/NB, servers and network communications, consumer electronics, and automotive electronics. It is also actively expanding into high-end product fields such as high-layer printed circuit boards (HLC Accelerator) for servers and network communications applications, and semiconductor fixtures. EMS provides complete process services from SMT placement to system assembly. In response to international economic trends, the Company has established multiple production bases at home and abroad to provide professional vertical integration services to customers. Taiwan Gingstar is a professional electronic manufacturing service provider (EMS), mainly engaged in printed circuit board assembly and processing (PCBA) business, including SMT (Surface Mount Technology), PTH (Plated Through-Hole), process inspection and testing, and assembly operations. Its product application areas include automotive electronics (including BMS, MCU, ADAS), industrial control, national defense and aerospace, consumer electronics, medical equipment, and network communications, with automotive products accounting for nearly 90%.
In recent years, the Company has been committed to transforming from the PC/NB field to high-value-added markets such as servers and network communications, and semiconductor fixtures. Taiwan Gingstar has been deeply involved in automotive electronics and industrial control fields for many years and possesses rich PCBA assembly experience. Through this share swap, both parties will be able to share resources, combine their competitive advantages, jointly expand global markets, and consolidate their position in the electronic manufacturing industry chain. The Company will combine Taiwan Gingstar's deep roots in the new energy vehicle supply chain to effectively expand its automotive customer base and optimize its automotive product portfolio to strengthen its global automotive market layout and accelerate its entry into the industrial control market to expand its outlets in automotive electronics and industrial control fields. This move will not only further expand its operational scale, diversify its overall revenue structure, but also significantly enhance its resilience against economic fluctuations and industry risks, and strengthen its global market competitiveness.
The Company and Taiwan Gingstar will work together to deeply cultivate the market, combining the Company's technology in PC/NB, high-end server boards, and semiconductor fixtures with Taiwan Gingstar's PCBA manufacturing capabilities in automotive and industrial control fields, to jointly seize the business opportunities brought by industrial upgrading in the era of AI and new energy vehicles, and continuously create long-term value for shareholders.