On May 21, 2026, the State Administration for Market Regulation rendered an administrative penalty decision concerning Luxshare Precision Industry Co., Ltd. This decision was based on the company's unlawful execution of a concentration of undertakings, which occurred through its acquisition of specific businesses from Wingtech Technology Co., Ltd. An investigation disclosed that Luxshare Precision neglected to submit the necessary notification for the concentration of undertakings in advance, as mandated by law. This oversight constituted a violation of Article 26 of the Anti-Monopoly Law and was deemed an illegal act.
Considering that Luxshare Precision promptly reported the issue, took proactive corrective actions, and enhanced its anti-monopoly compliance management system, the State Administration for Market Regulation opted to impose a fine amounting to RMB 900,000 on the company.
