Function description
The
socket is ordinary converter,with two output 5V2A power USB power
supply at the same time,can be very convenient in use electrical
appliances and recharge the equipment at the same time,such as digital
products like Iphone Ipad,MP3,MP4 etc.The charge apply to full range of
international AC output,no-load power consumption less than 0.3W,with
short circuit,overload,over-voltage protection,can be convenient for
your life and save more energy
Timer Control Time Adgustment
1.Press the power switch 1 time,the 1HOUR LED will light on.The Timer into ON mode,USB and control socket output ON .
2.Continuously
press the power switch the LED light on,the Countdown mode and LED
light on will cycle change from 1HR,2HR,4HR,6HR,8HR,10HR.
3.Choose
you need countdown time mode,the mode LED will lighto on,start
countdown until countdown time finish,the control output and USB change
to OFF
4.Then the countdown is start,The Time indicate LED will from high to low auto change until Countdown finish off.
Failure analysis:
1.check whether the power supply connection is good
2.check whether the USB cable is loosen
Warning Note:
1.Use indoor and dry location ONLY
2.The load max does not exceed 15A 3600W
3.This product does not convert voltage please do not miss use DO NOT exceed the maximum loading of 3600 Watts 15A
4.Always have earth connection for safety reason
5.If in doubt please consult with a qualified electrician
USB countdown timer, USB countdown timer socket, USB timer, USB charger timer, USB timer socket NINGBO COWELL ELECTRONICS & TECHNOLOGY CO., LTD , https://www.cowellsocket.com
ASE and counterfeit products have to go through China and the United States
Sun Moonlight's merger and acquisition of defective products has been successively approved in Germany and South Korea. However, a counterfeit product recently rebutted the claim, emphasizing that mainland China and the United States are the primary markets for ASE. It takes at least six months to complete an anti-monopoly review, and by not mentioning these two key regions, the information could mislead investors.
The counterfeit product once again warned shareholders or potential investors in public acquisitions about the risk of stock price declines if the merger between ASE and the product is eventually banned.
An image was included showing no available photo. According to a report from the Economic Daily, Lu IC design industry order package ratio map highlighted the announcement statement of the second public acquisition case by ASE. The statement only briefly mentioned the progress in Germany and South Korea, but these countries are not the main markets for ASE.
According to the product details, the main products and services of both companies are focused on the mainland and the U.S., with market shares of 80% and 60%, respectively. The anti-monopoly reviews in these two regions are crucial. However, the lengthy review process and the omission of key details may mislead investors.
According to statistics from the Institute of Industrial Science and Technology (IEK), the top 10 revenue-generating IC manufacturers in mainland China totaled $6.933 billion, accounting for 87% of all IC manufacturers in the region. Among them, logic IC products made up 85% of total product revenue.
Yanpin emphasized that mainland logic IC manufacturers often outsource packaging and OEM orders. Up to 50% to 95% of the top five industry orders are concentrated in ASE and its products. With such high customer and production line concentration, and with ASE’s mainland revenue reaching 80%, the likelihood of obtaining approval from the mainland Ministry of Commerce is extremely low.
In recent years, the Ministry of Commerce has reviewed several merger cases and has taken a strict stance on mergers involving the first and second largest players in the same geographical market. For example, NXP’s acquisition of Freescale required the sale of related assets. In some cases, the M&A license was granted, as seen in the merger of an IC design company in China.
Additionally, the Ministry of Commerce has not approved any "malicious merger" cases. One example is a Chinese IC design company where the combined market share of the two parties reached 80%, forming an oligopoly in the LCD TV control single chip market. In such cases, the Ministry requires the merged entity to maintain independent legal status, restricts shareholder rights, and prohibits business cooperation. They also require regular progress reports within two years.
This IC design merger has not yet been finalized in the mainland. Looking at previous cases, such as NXP’s acquisition of Freescale, the mainland Ministry of Commerce required the sale of the RF power transistor business due to a market share of up to 90%.
Yanpin noted that NXP and Freescale are both leading manufacturers of RF power transistors, with a combined market share of 90% in the mainland. In 2014, their global market shares were 32% and 22%, totaling 54%. The Ministry of Commerce believed that the merger would hinder other competitors from entering the relevant market, so NXP had to sell its RF power transistor business to Beijing Jianguang Company as part of the Samba Agreement. The equity acquisition could not proceed until the divestiture was completed.
According to IEK data and company annual reports, in 2014, ASE and the counterfeit product accounted for more than 80% of the mainland market. This market belongs to IC packaging and high-level logic IC industries, where horizontal combinations are common. With a market share exceeding 80% and highly overlapping production lines, customers, and products, similar to the NXP case, such mergers could lead to market barriers.
Yanpin stressed that based on the Ministry of Commerce’s restrictions on past merger cases, any combination where the merged entities hold more than 40% of the market share and have a significant gap compared to other competitors will face a restrictive approach. Given that ASE and the product have a market share of over 80%, and with high customer concentration, the situation is expected to be similar.
Yanpin pointed out that the merger between ASE and the product will face a strict review lasting more than six months, with a low probability of approval. In some cases, the original state might even be required. This risk is not clearly stated in the prospectus of the second acquisition, making it a high-risk investment for shareholders.