Ferrotec affiliate approved for China's New Third Board listing

Ferrotec Holdings Corporation announced on September 24, 2025, that its equity-method affiliate, Hangzhou CCMC, has been approved for registration on China's New Third Board (National Equities Exchange and Quotations). This approval was publicly disclosed in China on September 22, 2025. CCMC, a manufacturer and seller of semiconductor wafers, was established on September 28, 2017, and has a registered capital of CNY 5,032 million. Ferrotec holds a 23.05% stake in CCMC, with one Ferrotec director also serving as a director for CCMC.

This follows CCMC's application acceptance on July 3, 2025. CCMC plans to proceed with its over-the-counter listing, with trading expected to commence as early as October 2025. Ferrotec anticipates the impact on its consolidated earnings for the current fiscal year to be minimal.

Ferrotec has previously made several related disclosures, including CCMC's withdrawal of a listing application in July 2024 and an earlier application for listing on the Shanghai Stock Exchange STAR Market in August 2022.