AMEC halts trading for acquisition; major shareholder delays share sale

Advanced Micro-Fabrication Equipment (China) (AMEC) has suspended trading of its shares from December 19, 2025, for up to 10 trading days. This move facilitates the acquisition of a controlling stake in Hangzhou Zhongsili Electronic Technology Co. through a share issuance and a private placement to raise supporting funds. This aligns with AMEC's strategy to enhance its semiconductor equipment platform by integrating Hangzhou Zhongsili's chemical mechanical polishing (CMP) equipment, complementing AMEC's existing dry etching and thin-film deposition offerings.

Concurrently, Shanghai Venture Capital Co. (Shanghai VC), AMEC's major shareholder, disclosed a delay in its previously announced plan to reduce its stake by up to 1%, or 6,261,453 shares. The initial reduction period was set from December 22, 2025, to March 21, 2026. However, due to AMEC's pending acquisition and fundraising activities, Shanghai VC has not yet commenced its sell-off, with its current holdings remaining at 93,483,533 shares, or 14.93% of AMEC's total share capital.

The acquisition is currently in its planning stages, with auditing and valuation work ongoing, and is not expected to result in a change of AMEC's actual control. The suspension of trading ensures fair information disclosure and protects investor interests during this period of uncertainty.