Shanghai Silicon Industry: Plans to acquire a minority stake in Xinshengjingtou, Xinshengjingke, and Xinshengjingru worth 7.04 billion yuan.

On the evening of May 20th, Hu silicon industry disclosed a restructuring proposal, intending to purchase minority equity of Shanghai Xinshengjing Semiconductor Technology Co., Ltd., Shanghai Xinshengjing Semiconductor Technology Co., Ltd., and Shanghai Xinshengjing Rui Semiconductor Technology Co., Ltd. through issuing shares and paying cash, and to issue shares to no more than 35 specific investors to raise funds up to 2.105 billion yuan. The total acquisition price is approximately 7.04 billion yuan. After the transaction is completed, the company will directly and indirectly hold 100% equity of Xinshengjing Investment, 100% equity of Xinshengjing Technology, and 100% equity of Xinshengjing Rui. The target companies of this acquisition are the main entities implementing the company's 300mm silicon wafer phase II project, among which Xinshengjing Investment is a shareholding platform, Xinshengjing Technology is mainly engaged in 300mm semiconductor silicon wafer cutting, grinding, polishing, and epitaxy-related businesses, and Xinshengjing Rui is mainly engaged in 300mm semiconductor silicon wafer pulling related businesses. This acquisition is beneficial for further management integration and optimizing resource allocation.