SMIC International: Planning to issue RMB common stock to purchase assets.

SMIC International announced that the company is planning to purchase a minority stake in its subsidiary, Northern SMIC Integrated Circuit Manufacturing Co., Ltd., by issuing Renminbi common stock. According to relevant regulations, this transaction is expected to not constitute a major asset restructuring, not constitute a restructuring for listing, but constitutes a related party transaction. The target assets of this transaction are the total 49% equity held by the counterparty in Northern SMIC. The company has signed a Letter of Intent to Purchase Assets with the main shareholders of Northern SMIC. The specific plan of this transaction is still under discussion, with uncertainties, and it must be submitted for review by the company's board of directors, shareholders' meeting, and approval from regulatory authorities before it can be formally implemented.