Fudan Microelectronics to get new largest shareholder

Shanghai Fudan Fangao IC Technology Co. Ltd. has signed a framework agreement to transfer 106,730,000 A Shares of Shanghai Fudan Microelectronics Group Co., Ltd. to Shanghai Guosheng Group Investment Co., Ltd. This represents 12.99% of Fudan Microelectronics' total share capital. The transfer price is RMB48.20 per share, totaling RMB5,144,386,000.00. Payment will be made in instalments over nine months from the formal transaction agreement, with 30% due within five working days of signing.

Upon completion, Shanghai Guosheng Group Investment Co., Ltd. will become the largest shareholder. The company will remain without a controlling shareholder or actual controller, and the change is not expected to materially impact operational management. The transaction does not involve a mandatory takeover bid.

The transfer remains subject to various approvals, including internal decision-making bodies, state-owned asset regulatory authorities, and the State Administration for Market Regulation regarding business concentration. The formal agreement for the equity transfer remains uncertain, and investors are advised to be aware of investment risks.