Group 1 - The company is planning to issue RMB ordinary shares (A shares) to acquire minority equity in its subsidiary, SMIC North Integrated Circuit Manufacturing (Beijing) Co., Ltd. [3][5] - The transaction is expected not to constitute a major asset restructuring or a restructuring listing, but it is classified as a related party transaction [3][4] - The company's stock will be suspended from trading starting September 1, 2025, for a period not exceeding 10 trading days [2][4] Group 2 - The target asset for the transaction is 49% equity held by the counterpart in SMIC North, which has a registered capital of USD 480 million [5][6] - The preliminary identified counterparties for the transaction include several investment entities, such as the National Integrated Circuit Industry Investment Fund Co., Ltd. and Beijing Economic Development Investment Management Co., Ltd. [6] - The company intends to purchase the minority stake through the issuance of RMB ordinary shares (A shares) [7]
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