Zhezhong Shares: Guojing Semiconductor produces 12-inch silicon wafer automatic production line for integrated circuits

On January 10, Shanghai Zhezhong Group Co., Ltd. (hereinafter referred to as "Zhezhong Co., Ltd.") announced that as of now, Guojing Semiconductor's automatic production line for the production of 12-inch silicon wafers for integrated circuits has been put into production, and quality and mass production are in the climbing stage. The products will be delivered to downstream customers for testing and certification of silicon wafer reliability and stability.

The announcement shows that Zhezhong shares invested 816 million yuan to subscribe to the 800 million yuan new registered capital of Guojing Semiconductor, and obtained 44.44% of the equity of Guojing Semiconductor. After the completion of this capital increase, Shanghai Kangfeng Investment Management Co., Ltd., the controlling shareholder of Zhezhong shares, unconditionally entrusted the voting rights corresponding to its shares in Guojing Semiconductor to Zhezhong shares. Zhezhong shares holds a total of 58.69% of the voting rights of Guojing Semiconductor and obtains the control of Guojing Semiconductor.