Core Viewpoint - The company, through its wholly-owned subsidiary Hainan Ruihong, is participating in a private investment fund focused on the integrated circuit industry, with a total commitment of 30 million yuan, representing 7.50% of the fund's total capital contribution of 400 million yuan [1] Group 1: Investment Details - Hainan Ruihong has signed a partnership agreement to invest in the Shanghai Shangce Xingrongxin Private Investment Fund Partnership [1] - The total subscribed capital of the partnership is 400 million yuan, with Hainan Ruihong contributing 30 million yuan [1] - The partnership will focus on the integrated circuit industry, aiming for capital appreciation through equity investments and related activities [1]

Core Insights - The Shanghai Integrated Circuit Industry Investment Fund (Phase II) Co., Ltd. has increased its registered capital from approximately 14.53 billion RMB to about 24.06 billion RMB, representing a growth of around 66% [1] - There have been changes in some of the company's senior management [1] Company Overview - The company was established in May 2020 and is legally represented by Li Xin [1] - Its business scope includes equity investment and venture capital [1] Shareholder Information - The company is jointly held by several entities, including Shanghai Technology Venture Investment (Group) Co., Ltd., Shanghai Guosheng (Group) Co., Ltd., Shanghai International Group Co., Ltd., and Shanghai Pudong Innovation Investment Development (Group) Co., Ltd. [1]

Group 1 - The National Integrated Circuit Industry Investment Fund Co., Ltd. (referred to as "Big Fund Phase I") has recently been approved by its shareholders to reduce its capital and return an investment principal of 18 billion yuan, decreasing its registered capital from 98.72 billion yuan to 80.72 billion yuan [1] - Big Fund Phase I was established in 2014 with a 15-year duration, focusing on investment in the integrated circuit industry. The capital reduction distribution is a legal channel for returning shareholder contributions and a common method for private equity funds to manage capital flexibly [1] - The return of 18 billion yuan to shareholders in 2025 indicates that the operation of the national-level industrial fund is gradually entering a virtuous cycle, considering the current exit situation of Big Fund Phase I [1] Group 2 - Currently, Big Fund is operating well, and the second phase and subsequent funds will continue to invest in the integrated circuit field to support the healthy and stable development of the industry [1] - The third phase fund has been established and put into operation in 2024, with a fundraising scale exceeding the combined scale of the first two phases [1]

Group 1 - The National Integrated Circuit Industry Investment Fund Co., Ltd. (referred to as "Big Fund Phase I") has recently been approved by its shareholders to reduce its capital distribution, returning an investment principal of 18 billion yuan, reducing its registered capital from 98.72 billion yuan to 80.72 billion yuan [1] - Big Fund Phase I was established in 2014 with a 15-year duration, focusing on investment in the integrated circuit industry. The capital reduction distribution is a legal channel for returning shareholder contributions and a common method for private equity funds to manage capital flexibility [1] - The return of 18 billion yuan to shareholders in 2025 indicates that the operation of the national-level industrial fund is gradually entering a virtuous cycle, considering the actual exit situation of Big Fund Phase I [1] Group 2 - Currently, Big Fund is operating well, and the second phase and subsequent funds will continue to invest in the integrated circuit field to support the healthy and stable development of the industry [1] - The third phase fund has been established and put into operation in 2024, with a fundraising scale exceeding the combined scale of the first two phases [1]

Core Viewpoint - The National Integrated Circuit Industry Investment Fund Co., Ltd. (referred to as "Big Fund Phase I") has been approved to return an investment principal of 18 billion yuan to its shareholders, reducing its registered capital from 98.72 billion yuan to 80.72 billion yuan, indicating a positive operational cycle for the national industry fund [1] Group 1 - Big Fund Phase I was established in 2014 with a 15-year duration, focusing on investments in the integrated circuit industry [1] - The capital reduction distribution is a legal channel for returning shareholder contributions and a common method for private equity funds to manage capital flexibility [1] - The decision to return 18 billion yuan to shareholders in 2025 reflects the actual exit situation of Big Fund Phase I and suggests a gradual improvement in the fund's operational cycle [1] Group 2 - Currently, Big Fund is operating well, with the second phase and subsequent funds continuing to invest in the integrated circuit sector to support healthy and stable industry development [1] - The third phase fund has been established in 2024 and has raised more capital than the combined total of the first two phases [1]

Group 1 - A new private equity fund focused on the integrated circuit industry has been established in Shanghai, with a total investment of 5.702 billion RMB [2] - The fund is managed by a partnership that includes several financial institutions, indicating strong backing and collaboration within the industry [2] - The operational scope of the fund includes equity investment, investment management, and asset management, highlighting its comprehensive approach to investment activities [2] Group 2 - The 2025 Mother Fund Annual Forum was successfully held, emphasizing collaboration between mainland China and Hong Kong in the context of the innovation-driven era [3] - A new blueprint for Hong Kong in the era of technological innovation was discussed, showcasing the region's evolving role in the investment landscape [3] - The "2025 Investment Institution Soft Power Ranking" has been officially released, reflecting the competitive dynamics among investment institutions [3]

Key Points - The National Integrated Circuit Industry Investment Fund Co., Ltd. reduced its holdings in Northern Huachuang shares from July 28, 2025, to September 15, 2025, by selling 2.5919 million shares, accounting for 0.36% of the total share capital, at a price range of 334.26 to 387.71 CNY per share [1][1][1] - Before the reduction, the fund held 38.7958 million shares, representing 5.42% of the total shares, which decreased to 36.2039 million shares, or 5.00% after the reduction, falling below the 5% threshold and no longer being a major shareholder [1][1][1] - Due to the company's stock incentive plan, the total share capital increased by 8.3945 million shares, resulting in a passive dilution of 0.06% in the fund's shareholding [1][1][1] - The shares sold were sourced from the asset purchase project in 2016 and the non-public issuance project in 2019, with the relevant shares being released from restrictions in August 2019 and December 2022, respectively [1][1][1] - This reduction does not involve a tender offer and will not lead to a change in the company's actual control, nor will it have a significant impact on the company's governance structure and ongoing operations [1][1][1]

Group 1 - The company is planning to acquire minority stakes in its subsidiary, SMIC North Integrated Circuit Manufacturing (Beijing) Co., Ltd. (referred to as "SMIC North"), through an A-share issuance, with a stock suspension expected to last no more than 10 trading days [2] - Currently, the company and its subsidiaries hold a 51% stake in SMIC North, and the transaction is in the planning stage with potential counterparties including several investment firms and funds [2] - SMIC North was established in July 2013 with a registered capital of 480 million USD, focusing on the manufacturing of semiconductor integrated circuits, particularly for consumer electronics [3] Group 2 - The company has seen changes in ownership structure, with the National Integrated Circuit Industry Investment Fund becoming a significant shareholder in May 2016, holding 26.5% after investing 636 million USD, which reduced the company's stake to 51% [4] - In August 2017, further investments increased the registered capital of SMIC North from 2.4 billion USD to 4.8 billion USD, with a total planned investment of 7.2 billion USD to enhance production capacity [4] - SMIC North currently operates two production lines with a monthly capacity of 35,000 wafers each, producing products using 40nm and 28nm technologies, serving various applications in mobile phones, automotive electronics, and more [4]

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]

国家集成电路产业投资基金二期股份有限公司 上海硅产业集团股份有限公司 简式权益变动报告书 上市公司名称：上海硅产业集团股份有限公司 股票上市地点：上海证券交易所 股票简称：沪硅产业 股票代码：688126 信息披露义务人：国家集成电路产业投资基金二期股份有限公司 住所及通讯地址：北京市北京经济技术开发区景园北街 2 号 52 幢 7 层 701-6 股权变动性质：增加（以资产认购上市公司发行股份） 签署日期：2025 年 5 月 信息披露义务人声明 一、本报告书系信息披露义务人依据《中华人民共和国公司法》《中华人民 共和国证券法》《上市公司收购管理办法》《公开发行证券的公司信息披露内容 与格式准则第 15 号——权益变动报告书》等相关法律法规编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款，或与之冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》《公开发行 证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》的有关规定， 本报告书已全面披露信息披露义务人在上海硅产业集团股份有限公司拥有权益 的股份变动情况。 截至本 ...