Sub-micron semiconductor: plans to use 100 million yuan surplus raised funds for the new investment project "IPM production line project"

Zhongwei Semiconductor announced that it plans to close the IPO fundraising project and use the remaining funds of 121 million yuan for permanent working capital replenishment. It will also use the remaining funds of 100 million yuan for the new investment project "IPM Production Line Project". To ensure the smooth implementation of the new investment project, the company plans to establish a wholly-owned subsidiary, Zhongwei Capital Core Technology Co., Ltd., in Ziyang City, Sichuan Province, and to contribute a registered capital of 100 million yuan to Zhongwei Capital Core to implement the "IPM Production Line Project".