Semiconductor Manufacturing International Corporation (00981) plans to issue A shares to acquire a 49% stake in SMIC North.

Semiconductor Manufacturing International Corporation (00981) announced that it plans to issue shares to the National Integrated Circuit Fund, Integrated Circuit Investment Center, Yizhuang Guotou, Beijing Centergate Technologies Development, and Beijing Guitou to purchase their 49% stake in SMIC North. After the completion of this transaction, the company will hold 100% of the shares in SMIC North, making it a wholly-owned subsidiary of the company. The shares to be issued in this transaction are RMB ordinary shares (A shares), with a face value of 0.004 USD per share and will be listed on the Shanghai Stock Exchange Science and Technology Innovation Board. The issue price is set at 74.20 RMB per share. As of the date of this proposal, the audit and evaluation work of the target company has not been completed, and the specific transaction price has not been determined. Therefore, the exact number of shares to be issued to the counterparty has not been determined yet.