Espressif Systems Co., Ltd. cancelled the transaction announced on November 9, 2020
January 11, 2021
Share
On January 12, 2021, Espressif Systems (Shanghai) Co., Ltd. (SHSE:688018) cancelled the transaction. The cancellation has been approved at the 1st meeting of the first board of directors and the 19th meeting of the first board of supervisors and does not need its shareholders approval. The transaction is terminated in view of the changes in the company's actual situation and development plans and many other factors, after careful analysis by the company and communication with intermediary agencies.
Espressif Systems Shanghai Co Ltd is a China-based company mainly engaged in the research and development, design and sales of Internet of Things (IoT) communication chips and modules. The Company mainly provides customers with overall solutions for the IoT. The Company is also engaged in the technical development of related compilers, tool chains, operating systems, application development frameworks, etc. The Company's products mainly include ESP8266, ESP32, ESP32-C and ESP32-S IoT chip product series. Its products are mainly used in smart home, electrician, lighting, smart speakers, consumer electronics, mobile payment, industrial control and other IoT fields. The Company mainly conducts its businesses in domestic and overseas markets.
ESPRESSIF SYSTEMS (SHANGHAI) CO., LTD. 
