National Silicon Industry Group completes major acquisition, raises capital

Shanghai Silicon Industry Group Co., Ltd. has completed the acquisition of minority stakes in Shanghai Xinsheng Semiconductor Technology Co., Ltd., Shanghai Xinsheng Semiconductor Technology Co., Ltd., and Shanghai Xinsheng Semiconductor Technology Co., Ltd., through a combination of share issuance and cash payments. The total consideration for the acquisition was CNY 7,039,621,536.73, with CNY 6,715,556,526.75 paid in shares and CNY 324,065,009.98 in cash. The newly issued shares, totaling 447,405,494 at a price of CNY 15.01 per share, were registered on November 25, 2025, increasing the company's total share capital to 3,194,582,680 shares.

This transaction also involved raising supporting funds not exceeding CNY 2,105,000,000, intended for working capital and to cover cash consideration and intermediary fees. The asset acquisition was a prerequisite for the capital raise. The legal opinion and independent financial advisor's report confirm that the acquisition processes were legally compliant and that the assets have been successfully transferred to the company.

Following the transaction, the National Integrated Circuit Industry Investment Fund Co., Ltd. saw its stake diluted from 20.64% to 17.75%. The company maintains its status without a controlling shareholder or ultimate controller.