On December 7, Shanghai Xuanjie Technology Co., Ltd. was established with a registered capital of 1.5 billion yuan. Zeng Xuezhong served as its executive director, general manager and legal representative. Liu De was appointed supervisor

The company's business scope includes electronic technology, communication technology, information technology, semiconductor technology in the field of technical services, technology development. Technical consultation, etc.; IC chip design and service; Integrated circuit chip and product sales; Semiconductor discrete device sales, wholly owned by X-Ring Limited.