Di Yi Cai Jing·2025-08-29 10:29Core Viewpoint - The company is planning to issue RMB ordinary shares (A-shares) to acquire minority stakes in its subsidiary, SMIC North Integrated Circuit Manufacturing (Beijing) Co., Ltd. The stock will be suspended from trading starting September 1, 2025, for a period not exceeding 10 trading days. This transaction is not expected to constitute a major asset restructuring or a reorganization listing, but it will be classified as a related party transaction [1][4][5]. Group 1: Transaction Details - The transaction involves acquiring 49% of the equity held by minority shareholders in SMIC North [6][8]. - The registered capital of SMIC North is USD 480 million, and it was established on July 12, 2013 [6]. - The business scope of SMIC North includes manufacturing semiconductor integrated circuit chips, including large-scale digital integrated circuits with a line width of 28 nanometers and below [6]. Group 2: Stakeholders and Negotiations - The preliminary identified counterparties for the transaction include the National Integrated Circuit Industry Investment Fund Co., Ltd. (also known as "Big Fund Phase I"), Beijing Integrated Circuit Manufacturing and Equipment Equity Investment Center (Limited Partnership), Beijing E-Town International Investment and Development Co., Ltd., Zhongguancun Development Group Co., Ltd., and Beijing Industrial Development Investment Management Co., Ltd. [7]. - The final counterparties will be disclosed in the restructuring plan or report [7]. Group 3: Suspension of Trading - The company's stock (ticker: SMIC International, code: 688981) will be suspended from trading starting September 1, 2025, due to the planned issuance of A-shares for asset acquisition [3][4]. - The company will adhere to relevant laws and regulations regarding information disclosure during the suspension period and will announce the resumption of trading once the transaction details are finalized [5].