China Micro Corporation (688012.SH) plans to issue shares to buy 64.69% of Hangzhou Zhongsilicon's shares and resume trading on January 5

According to the Zhitong Finance App, China Micro (688012.SH) announced plans to issue shares and pay cash to purchase assets and raise supporting capital. The company plans to purchase 64.69% of Hangzhou Zhongxin's shares held by 41 counterparties including Hangzhou Zhongxin Silicon, Ningrong Haichuan, Lin'an Zhongxin, Hangzhou Xinjiang, and Hangzhou Zhongchengxin by issuing shares and paying cash. At the same time, listed companies plan to issue shares to no more than 35 specific investors to raise supporting capital.

Prior to this transaction, the listed company's main business was R&D, production and sales of high-end semiconductor equipment. It sold etching equipment, film equipment, and MOCVD equipment to manufacturing companies of semiconductor products such as downstream integrated circuits, LED epitaxial films, advanced packaging, and MEMS, and provided accessories and services. It already had leading international technical strength in the field of dry process equipment such as plasma etching and thin film deposition. The core products of listed companies cover key process equipment such as high-energy/low-energy plasma etching (CCP, ICP), MOCVD, LPCVD, ALD and EPI. As core microprocessing equipment other than lithography machines, plasma etching equipment and film equipment are prominent in the industry. The complexity of the process steps and the difficulty of process development are prominent in the industry. The etching equipment of listed companies has been mass-produced and used in first-tier fabs around the world, covering 65nm to 5nm and more advanced processes, and maintains a leading share in the MOCVD market for LEDs and power devices.

The main business of the target company is R&D, production and sales of chemical mechanical planarizing (CMP) equipment. It is the core equipment for wet processes and provides customers with overall solutions for CMP equipment. It is one of the few domestic enterprises that have mastered the core technology of 12-inch high-end CMP equipment and achieved mass production.

Through this transaction, the listed company will become a manufacturer with the four leading core process capabilities of “etching+film depositation+quantitative detection+wet method”, successfully achieving a key leap from “dry method” to “dry method+wet method” overall solution. This integration not only filled the gaps in wet process equipment for listed companies, but also significantly enhanced the company's ability to provide customers with system-level overall solutions in advanced manufacturing processes. Faced with increasingly stringent requirements for process synergy, production line stability and overall efficiency of advanced wafers and advanced storage plants, listed companies can provide customers with highly collaborative complete equipment solutions, greatly shortening the process commissioning and verification cycle, thereby enhancing customer stickiness and accelerating the large-scale penetration of listed companies in mainstream production lines.

According to the relevant regulations of the Shanghai Stock Exchange, trading of the company's shares will resume with the opening of the market on January 5, 2026 upon application by the company.