Suzhou Crystal Clear Chemical to acquire Hubei Jingrui stake

Suzhou Crystal Clear Chemical is set to acquire a 76.0951% stake in Hubei Jingrui Microelectronic Materials Co., Ltd. for 595,063,689 yuan through a share issuance. The transaction involves issuing 81,071,349 shares at 7.34 yuan per share to investors including Qianjiang Fund and National Integrated Circuit Industry Investment Fund II. This acquisition will increase Suzhou Crystal Clear Chemical’s ownership in Hubei Jingrui to 100%, consolidating its high-purity chemical business.

The valuation of Hubei Jingrui's 100% equity was 806,000,000 yuan as of December 31, 2024, representing a 45.96% increase over its book value. This acquisition is expected to improve Suzhou Crystal Clear Chemical's asset structure and operational capabilities, reducing financial liabilities by transferring buyback obligations into owner's equity.

The transaction is compliant with regulatory requirements, with all necessary approvals obtained, and the shares issued to financial investors are subject to lock-up periods of 12 or 36 months. This strategic move aligns with national policies supporting the electronic materials industry, enhancing Suzhou Crystal Clear Chemical's core competitiveness in high-purity chemicals for the semiconductor sector.