Zheng Quan Zhi Xing·2025-08-31 10:13Core Viewpoint - The transaction involves the acquisition of a 97.4988% stake in Huali Microelectronics by Huahong Semiconductor through a combination of share issuance and cash payment, which aligns with the regulations of the Shanghai Stock Exchange's Sci-Tech Innovation Board [1][4]. Group 1: Compliance with Regulations - The transaction complies with the relevant regulations of the Shanghai Stock Exchange, including the Sci-Tech Innovation Board listing rules and major asset restructuring review rules [2][4]. - The target company, Huali Microelectronics, operates in the wafer foundry business, specifically in the 65/55nm and 40nm process nodes, which aligns with the strategic emerging industries classification [2][3]. Group 2: Industry Alignment - Both Huahong Semiconductor and Huali Microelectronics are engaged in the same industry, specifically the wafer foundry sector, confirming their industry alignment [3][4]. - The target company is classified under the new generation information technology sector, specifically in semiconductor and integrated circuit manufacturing, which meets the Sci-Tech Innovation Board's industry positioning requirements [2][3]. Group 3: Synergistic Effects - The transaction is expected to create significant synergies in process technology platforms, customer resources, supply chain management, and production capacity between the two companies [3][4]. - Post-transaction, Huahong Semiconductor will enhance its process platform variety, thereby better meeting diverse market demands and improving overall competitiveness [3]. - The acquisition will also expand the company's production capacity, allowing it to meet customer needs more effectively [3].