China's market regulator fined Luxshare Precision Industry (SHE:002475) 900,000 yuan for failing to clear antitrust hurdles before closing an asset acquisition from Wingtech Technology (SHA:600745), according to a Wednesday statement from the agency.
The State Administration for Market Regulation said Luxshare unlawfully implemented a concentration of undertakings in violation of China's Anti-Monopoly Law. Luxshare completed the transactions without prior notification, according to the results of the investigation.
The regulator clarified that the electronic manufacturing buyout does not exclude or restrict fair market competition.
SAMR began the investigation in September 2025 after Luxshare self-reported in February 2025 stake purchases in Wingtech subsidiaries Jiaxing Yongrui Electronic Technology, Shanghai Wingtech Electronics Technology, and Shanghai Wingtech Information Technology.
The company qualified for a more lenient penalty as it "proactively" reported the transaction before authorities discovered the violation and corrected its anti-monopoly compliance systems, SAMR said.
Luxshare, founded in Dongguan, China, is one of Apple's major suppliers in China, according to multiple media reports.