On June 15, China Ceramics Electronics made an announcement stating that the company had fully acquired 100% of the equity in Hebei Xiong'an Taixin Electronic Technology Co., Ltd. All the necessary industrial and commercial registration change procedures have been duly completed. With this, Xiong'an Taixin has officially transformed into a wholly-owned subsidiary of China Ceramics Electronics and has been issued a new business license, signifying the triumphant conclusion of the acquisition process.
