Ferrotec affiliate CCMC debuts on China's New Third Board

Ferrotec Holdings Corporation announced on October 22, 2025, that its equity method affiliate, Hangzhou Zhongxin Jingyuan Semiconductor Co., Ltd. (CCMC), will commence trading on China's New Third Board (OTC market) on the same day under ticker symbol 874810. This follows CCMC's registration application approval on September 24, 2025, and acceptance on July 3, 2025. CCMC's initial listing attempt on the Shanghai Stock Exchange's STAR Market was withdrawn on July 4, 2024.

Concurrently, CCMC is implementing a third-party allocation of new shares, aiming to raise 610 million yuan for capital expenditures and debt repayment. This round involves seven investors, including Ferrotec's wholly-owned subsidiary, Hangzhou Daimo Thermomagnetic Electronics Co., Ltd., which will invest 20 million yuan. This issuance will increase CCMC's registered capital to 5,235 million yuan.

CCMC, established on September 28, 2017, and headquartered in Hangzhou, China, specializes in manufacturing and selling semiconductor wafers, including small diameter, 8-inch, and 12-inch wafers. After this third-party allocation, Ferrotec's ownership in CCMC will increase slightly from 23.05% to 23.43%.