National Silicon Industry Group completes acquisition of Sinyang Semiconductor stakes

National Silicon Industry Group announced the completion of the asset transfer for its acquisition of minority stakes in Shanghai Sinyang Semiconductor Materials Company Limited, Shanghai Sinyang Materials Technology Co., Ltd., and Shanghai Sinyang Crystal Technology Co., Ltd. The Shanghai Lingang New Area Market Supervision Administration approved the industrial and commercial changes for Sinyang Semiconductor on October 20, 2025, for Sinyang Materials on October 21, 2025, and for Sinyang Crystal on November 20, 2025.

This transaction involved the issuance of shares and cash payments to acquire the assets, alongside raising supporting funds. The total transaction consideration was RMB 7,039,621,536.73, with RMB 324,065,009.98 paid in cash and RMB 6,715,556,526.75 through share issuance. The company now directly and indirectly holds 100% of the equity in the target companies.

Future steps include issuing shares to the transaction counterparts, making cash payments, and potentially raising additional supporting funds, which will not affect the asset acquisition's implementation. All necessary approvals have been secured, and the asset transfer procedures have been legally and effectively completed.