On January 20, 2025, Xiang Jie, Chairman of SUN.KING Asia Pacific Semiconductor Technology (Zhejiang) Co., Ltd. (hereinafter referred to as "SUN.KING Semiconductor"), and Xin Xin, Deputy General Manager, visited Henan Xuji Power Electronics Co., Ltd. (hereinafter referred to as "Xuji Power Electronics") of China Electric Equipment Group, and visited the newly built factory and production line accompanied by Sun Jian, Deputy General Manager of Xuji Power Electronics. Xiang Jie, Chairman of SUN.KING Semiconductor, said, "I admire the automated and intelligent production capabilities and modern and refined management concepts demonstrated by Xuji Power Electronics." "The persistent pursuit of excellent quality is the key factor that enables Xuji Power Electronics to stand out in the fierce market competition, and it is also what SUN.KING Semiconductor has always insisted on."

Afterwards, SUN.KING Semiconductor Chairman Xiang Jie, Deputy General Manager Xin Xin, Xuji Power Electronics Chairman Liu Gang, Deputy General Manager Sun Jian and other senior executives of both parties had in-depth exchanges on the content, mechanism and future development direction of cooperation. Both parties agreed to carry out comprehensive cooperation in technological innovation, market development, product development and all-round services, and signed a letter of intent for cooperation. This marks the official start of the in-depth cooperation between the two parties in the field of power semiconductor devices.

With the aim of jointly solving the "supply security" of core components of power electronic devices, SUN.KING Semiconductor and Xuji Power Electronics will give full play to their respective advantages in technology research and development, market resources and industrial platforms, break through the key technologies of the industry's foresight, and jointly develop new products with industry innovation and broad market application prospects. In key areas such as reactive power compensation and energy storage, SUN.KING Semiconductor promises to provide long-term stable, high-quality and efficient power semiconductor products to help Xuji Power Electronics' business development. In addition, around the application needs of new power devices, the two parties will cooperate in development and jointly tackle key problems, thereby enhancing the comprehensive competitiveness of device products and complete machine products.

Xiang Jie, Chairman of SUN.KING Semiconductor, said: "This cooperation is an important strategic layout for both parties in the context of the construction of new energy power systems. SUN.KING Asia Pacific Semiconductor will give full play to its technological advantages in the field of power semiconductors, and combine with Xuji Power Electronics' deep accumulation in the field of power electronics to jointly promote the independent control and innovative development of my country's power semiconductor industry. "Liu Gang, Chairman of Xuji Power Electronics, also said: "We look forward to further enhancing the company's independent innovation capabilities in the field of core components of power electronic devices through in-depth cooperation with SUN.KING Semiconductor, and providing more reliable technical support and product guarantees for the construction of my country's new power system."