National Silicon Industry acquisition plans advance to SSE review

National Silicon Industry Group (SSE:688126) announced that the Shanghai Stock Exchange's M&A and Reorganization Review Committee will convene on September 12, 2025, to review the company's application. This includes the issuance of shares and cash payment to acquire assets, along with the raising of supporting funds and related party transactions.

The proposed acquisition targets minority stakes in Shanghai Xinsheng Jingtou Semiconductor Technology Co., Ltd., Shanghai Xinsheng Jingke Semiconductor Technology Co., Ltd., and Shanghai Xinsheng Jingrui Semiconductor Technology Co., Ltd. The total transaction price, excluding supporting funds, is 7,039,621,536.73 yuan.

The transaction involves issuing shares and cash to acquire assets, with supporting funds raised from up to 35 specific investors not exceeding 210,500.00 yuan. The transaction price is based on the appraised values of the target companies' equity as of December 31, 2024. For Xinsheng Jingtou, Xinsheng Jingke, and Xinsheng Jingrui, the appraised equity values are 396,180.83 yuan, 776,800.00 yuan, and 281,300.00 yuan, respectively. The company will acquire 46.7354% of Xinsheng Jingtou, 49.1228% of Xinsheng Jingke, and 48.7805% of Xinsheng Jingrui. Completion of the transaction is contingent upon approval by the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission.