Summary of Key Points Core Viewpoint Hefei Jinghe Integrated Circuit Co., Ltd. is planning to transfer the ownership of its photomask-related technology, with an assessed market value of approximately 277.32 million yuan, to establish an independent photomask business entity in collaboration with other investors [2][8]. Group 1: Company Overview - Hefei Jinghe Integrated Circuit Co., Ltd. was established on May 19, 2015, with a registered capital of 2,006.14 million yuan and is located in Hefei, Anhui Province [3][4]. - The company focuses on the research, production, and sales of integrated circuit-related products and is recognized as the first 12-inch wafer foundry enterprise in Anhui Province [3][4]. - The company went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board in May 2023, marking a significant milestone as the first pure wafer foundry enterprise in Anhui to enter the capital market [3][4]. Group 2: Technology Transfer and Valuation - The purpose of the asset valuation is to provide a reference for the market value of the photomask-related technology that the company intends to transfer, facilitating the establishment of a new business entity [2][8]. - The assessed market value of the photomask-related technology is 277.32 million yuan, based on the income approach, with the valuation date set for January 31, 2025 [2][8]. - The evaluation includes 24 patents and 73 proprietary technologies, with 20 invention patents and 4 utility model patents among them [3][4]. Group 3: Assessment Methodology - The income approach was selected for the valuation due to the absence of comparable market transactions and the inadequacy of historical cost data to reflect the technology's value [7][8]. - The valuation process involved estimating future expected revenues from the technology and discounting them to present value, using a specific formula to calculate the assessed value [8]. - The assessment was conducted by Beijing Zhongqi Hua Asset Appraisal Co., Ltd., ensuring compliance with relevant laws and regulations [2][7].

Core Viewpoint - Company plans to transfer self-developed photomask technology to Anhui Jingmei for a transaction price of RMB 277 million (excluding tax) [1] Group 1: Transaction Details - The transfer of photomask technology will be conducted through a non-public agreement [1] - Anhui Jingmei and its wholly-owned subsidiary, Anhui Jingrui, will lease factory buildings and supporting facilities from the company for a period of 3 years, with expected rental fees not exceeding RMB 54.5374 million (including tax) [1] - The company intends to lease existing photomask production line equipment to Anhui Jingrui, also for a duration of 3 years, with anticipated rental fees not exceeding RMB 383 million (including tax) [1] Group 2: Approval Requirement - The transaction is subject to approval from relevant state-owned asset departments before implementation [1]