On March 12, 2019, Shanghai Simgui Technology, a subsidiary of NSIG, successfully held the "Moving in ceremony of the first process equipment of SOI 30K production line". The ceremony was attended by Dr. Wei Li, Chairman of Simgui, Dr. Jeffery Wang, the CEO of Simgui, and other representatives of the Board of Directors and management, as well as representatives of Simgui employees, representatives of Jiading industrial administration, and representatives of customers and suppliers, etc.
Dr. Wei Li, chairman of Simgui said: "the equipment moving-in ceremony means that construction of Simgui’s 30K SOI project has entered the sprint stage, which signifies that business development of Simgui takes on a new step". Dr. Jeffery Wang, CEO of Simgui, said: "due to the rapid development of 5G and electric vehicle market, the global demand for SOI materials is strong. With the completion of Simgui’s 30K SOI project, more high-quality SOI materials will be provided for domestic and international customers."