SMIC International: Application to issue shares to purchase 49% equity of SMIC North has been accepted by the Shanghai Stock Exchange

2026-03-11 04:32:57

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SMIC International announced that the company plans to issue shares to China Integrated Circuit Industry Investment Fund Co., Ltd., Beijing Integrated Circuit Manufacturing and Equipment Equity Investment Center (Limited Partnership), Beijing Yizhuang International Investment Development Co., Ltd., Zhongguancun Development Group Co., Ltd., and Beijing Industrial Development Investment Management Co., Ltd. to purchase a total of 49% equity in SMIC North China Integrated Circuit Manufacturing (Beijing) Co., Ltd. On February 25, 2026, the company received a notice from the Shanghai Stock Exchange regarding the acceptance of SMIC International Integrated Circuit Manufacturing Co., Ltd.'s application to issue shares to acquire assets. The SSE has decided to accept the application and will conduct a review in accordance with the law. This transaction is still subject to approval by the SSE and registration approval by the China Securities Regulatory Commission.

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