On December 26, Wingtech Technology convened its fifth extraordinary general meeting of shareholders for the year 2025. During the meeting, Chairman Yang Mu unveiled the most recent progress in the ongoing dispute concerning the control rights of its subsidiary, Nexperia.

Wingtech Technology is set to reiterate its position and take proactive measures to defend its rights at a second hearing scheduled for January 2026. Earlier, the Dutch government, citing "national security" concerns, froze Nexperia's assets and suspended the management roles of Wingtech Technology personnel within Nexperia, thereby limiting Wingtech Technology's control over the subsidiary.

In response, Wingtech Technology has already issued a notice of dispute. Should the matter remain unresolved within six months, the company intends to pursue international arbitration, with potential compensation claims amounting to as much as US$8 billion.

In parallel, Nexperia China is ramping up its localization initiatives, anticipating the completion of domestic wafer supplier verification by the second quarter of 2026 to safeguard production continuity.

The shareholders' general meeting also deliberated on and endorsed proposals pertaining to routine related-party transactions for 2026, as well as the appointment of an additional independent director.