On January 15th, the board of directors of Shenzhen Langke Intelligent Electric Co., Ltd. (referred to as “Langke Intelligent”) released a somber announcement. The company's controlling shareholder, actual controller, chairman, and CEO, Mr. Liu Xianwu, passed away on January 14 due to an unexpected illness in 2018. His sudden death has left a significant void in the company and the broader business community. According to the official statement, Mr. Liu Xianwu directly owned 43,344,000 shares of the company, representing 36.12% of the total shares. As the actual controller, his heirs have not yet completed the formalities for inheriting the shares. Despite this, the company’s board of directors, supervisory board, and senior management continue to operate normally, ensuring that all business activities remain unaffected. Liu Xianwu was born in December 1969. He studied electronic engineering at university and was later assigned to a military factory, 767 Factory. In 1993, he moved to Shenzhen and joined Shenzhen Pengxing Microwave Communication Company. In November 2001, he founded Netac Intelligence, which later became Shenzhen Langke Electric Co., Ltd. The company operates in the intelligent control manufacturing industry. Industry insiders noted that Liu Xianwu was a representative figure of the grassroots class during China's reform and opening-up era. He came to Shenzhen with ambition and eventually built a successful enterprise. At just 49 years old, his passing is a great loss. His stock, valued at over 1.2 billion yuan, remains under inheritance procedures, and it is expected that his wife, Chen Jing, will become the new actual controller of Netac Intelligence. Founded in 2001, Netac Intelligence is a high-tech enterprise specializing in the research, development, production, and sales of electronic intelligent controllers. Its products are widely used in household appliances, power tools, lithium battery protection, LED, and HID lighting power supplies. Over the past 16 years, the company has remained focused on its core business. In September 2016, Netac Intelligence listed on the GEM (Growth Enterprise Market) of the Shenzhen Stock Exchange under the ticker symbol “300543,” becoming the third A-share LED power supply company to go public. According to high-tech LED market data, in 2016, Netac Intelligence reported revenue of 935 million yuan, a year-on-year increase of 31.13%, and net profit attributable to shareholders of 76.58 million yuan, up 22.10% compared to the previous year. For the first three quarters of 2017, the company achieved a net profit between 66.51 million and 72.37 million yuan, reflecting growth of 8.45% to 18% compared to the same period in 2016. Throughout his 16-year entrepreneurial journey, Liu Xianwu divided the company’s development into three distinct phases: the first five years were about survival; the next five years focused on solving basic survival issues and growing the team to around 200-300 people; and the final five years saw the company maintain an average annual growth rate of around 20%. To date, Netac Intelligence's main clients include Jiuyang, TTI, ASD, Lake, Xiaomi, and others. The company continues to thrive, carrying forward the legacy of its founder.

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