Huizhou Speed Wireless Technology (300322.SZ) terminates the project of producing 100 million pieces of biometric recognition modules annually.

Huizhou Speed Wireless Technology (300322.SZ) announced that the annual production of 100 million pieces of biometric recognition module project is an expansion project of the company's fingerprint module business. Since the implementation of the project, the company has actively promoted the equipment procurement and production facility renovation, and gradually relocated other related production lines to Lujiang. Currently, there have been significant changes in the market conditions, leading to a substantial decrease in the company's related product revenue and gross profit margin. There is a great deal of uncertainty in continuing the project. After careful consideration, the company plans to terminate the project investment and transfer the relevant equity. The company's holding subsidiary Jiangsu Kailai Biometric Identification Technology Co., Ltd. (referred to as "Jiangsu Kailai") intends to transfer 80.20% equity of Anhui Kailai Communication Technology Co., Ltd. (referred to as "Anhui Kailai") to Suzhou Lingdong Jiaxin Technology Co., Ltd., Suzhou Chengyuxuan Enterprise Management Co., Ltd. or a third party designated by them for 25.66 million yuan. It is reported that the above-mentioned transaction is conducive to optimizing the company's asset and business structure, further focusing on the development of the company's antenna, heat dissipation components, and new energy device businesses.