2023 Annual Shareholders' Meeting of Feitelle Held at Factory Premises
On February 21, 2023, the 2023 annual shareholders' meeting of Jiangsu Feitel Communication Co., Ltd. was convened at the company's factory. Chairman Wang Hongyang presided over the meeting as the keynote speaker, delivering a comprehensive report to shareholders on the company's operational performance, future development plans, and key strategic directions.
In his address, Chairman Wang Hongyang first summarized the company's achievements in 2022 and early 2023, highlighting:
Technological Breakthroughs: Significant progress in the R&D of LTCC RF filters, with key indicators of over 95% of products surpassing industry benchmarks, breaking the long-term monopoly of overseas enterprises in the 5G communications component sector.
Market Expansion: Steady growth in sales revenue, with major clients expanded to include leading domestic smartphone and communications equipment manufacturers, and market share in the domestic RF filter industry rising to a leading position.
Production Capacity Upgrade: The completion of a new 10,000-class dust-free workshop and the introduction of automated production lines, increasing monthly production capacity of LTCC filters to 50 million units, laying a solid foundation for 2023's production targets.
Chairman Wang outlined the company's three-year strategic plan (2023-2025), focusing on:
Technological Innovation
Capacity Expansion
Talent Strategy
Accelerating the recruitment of high-level technical talent, planning to introduce 10 doctoral researchers and 30 master's-level professionals within two years, and establishing an industry-university-research talent training system to enhance core competitiveness.
International Market Development
During the meeting, shareholders engaged in in-depth discussions on key topics such as dividend policies, risk control in technological R&D, and international market entry. Unanimous resolutions were passed on:
Approving the 2022 financial report and profit distribution plan (reinvesting 80% of profits in R&D and production expansion).
Authorizing the board of directors to oversee the second-phase factory project and related capital-raising matters.
Establishing a special committee for technology evaluation to strengthen the management and commercialization of intellectual property.
Chairman Wang concluded by expressing gratitude to shareholders for their trust and support, emphasizing that Feitelle will adhere to its mission of 'breaking technological chokepoints and empowering domestic innovation.' With the dual drivers of policy support and market demand, the company is poised to become a leading global provider of semiconductor components and contribute to China's high-quality industrial development.
The meeting adjourned successfully in a constructive and forward-looking atmosphere, laying a solid foundation for Feitelle's strategic implementation in 2023 and beyond.