Ferrotec affiliate applies to list on China's NEEQ

Ferrotec Holdings Corporation announced that its equity method affiliate, Hangzhou Zhongxin Jingyuan Semiconductor Co., Ltd. (CCMC), has applied for registration on China's New Third Board, China's over-the-counter market, on June 25, 2025, and was accepted on June 30, 2025. As of June 30, 2025, CCMC has registered capital of CNY 5,032 million, with Ferrotec holding a 23.05% stake. Ferrotec has stated that the impact on the company's consolidated financial results for the current fiscal year is expected to be minor, but will make a further announcement if any significant developments arise. CCMC applied for the "Innovative Layer" (創新層) of the NEEQ (新三板).