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On July 17, the environmental bureau of China's Wuxi municipality has penalized Yixing Silicon Valley Electronic Technology, a unit of Shenzhen Fastprint Circuit Tech (SHE:002436), for environmental violations at its ongoing printed circuit board expansion project, according to a disclosure by the company on the Shenzhen Stock Exchange.

An inspection revealed that the facility lacked essential pollution control equipment, including a regenerative thermal oxidizer (RTO) and hazardous waste warehouse gas towers. In response, the Chinese circuit board manufacturer announced plans to install the necessary pollution control facilities to comply with environmental regulations. The company has already signed a contract to purchase an RTO control facility.

Following the news, shares of Shenzhen Fastprint Circuit Tech dropped nearly 4% by the close of trading.

About Fastprint Circuit Tech

Founded in 1999 and headquartered in Shenzhen, Fastprint was listed on Shenzhen Stock Exchange. Three manufacturing campuses were built in Guangzhou, Yixing of Jiangsu Province and the UK respectively. Five branch offices were opened in Beijing, Shanghai, Wuhan, Chengdu andXi’an. Besides, there are two subsidiaries in HK and USA, dozens of customer service centers at home and abroad. That is to say, Fastprint shaped the international network of marketing and technique, offering more than 4,000 customers from the globe the good quality service.

Fastprint’s future goal is to build the biggest quick-turn manufacturing platform of prototype, various types and low volume PCBs in the world; to offer advanced manufacturing of IC Substrate and the assorted technical service; to build the open technical service platform and organize experienced specialists groups, forming the comprehensive capability of universal core technique in E-hardware design; to offer personalized one-stop solution matching the local various types and quick SMT service.

Editor：Lulu

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