Guosheng Investment becomes largest shareholder in Fudan Microelectronics after major stake sale

Shanghai Fudan Microelectronics Group Company Limited announced a significant share transfer, with Fuxin Fangao formally agreeing to sell its entire holding of 106,730,000 A shares to Guosheng Investment. This transaction, executed on December 23, 2025, will make Guosheng Investment the company's largest shareholder, holding 12.99% of the existing total share capital.

The total transfer consideration is set at RMB 5,144,386,000, valuing each share at RMB 48.20. Guosheng Investment will pay this amount in instalments, with the first payment of RMB 1,543,315,800 due within five working days of the agreement's signing. A second instalment of RMB 1,543,315,800 is contingent on a formal cooperation agreement with Fudan University being effective or by March 15, 2026, whichever is later. The final payment of RMB 2,057,754,400 is due after the second instalment is paid and regulatory approvals are obtained, or by March 31, 2026.

Both parties aim to complete the share transfer by June 30, 2026. The agreement also emphasizes maintaining the strategic cooperation between the company and Fudan University, with Guosheng Investment's approval required for a formal cooperation agreement on an Industry-Academia-Research Joint Research and Development Platform.