SMEC(688469) Today Successfully Listed on the Science and Te

SMEC(688469) Today Successfully Listed on
the Science and Technology Innovation Board of Shanghai Stock Exchange

On May 10, 2023, Semiconductor Manufacturing Electronics (Shaoxing) Corporation was successfully listed on the Science and Technology Innovation Board of Shanghai Stock Exchange. On the Science and Technology Innovation Board of the Shanghai Stock Exchange, its stock name is 中芯集成 and the stock code is 688469. Corporate executives led by the Chairman Ding Guoxing and the General Manager Zhao Qi, as well as leaders and guests from various circles of society attended the listing ceremony.
 

 

Mr. Ding Guoxing, the Chairman of Semiconductor Manufacturing Electronics (Shaoxing) Corporation, gave his speech at the listing ceremony: “Semiconductor Manufacturing Electronics (Shaoxing) Corporation is successfully landing in the domestic capital market. It is an important milestone in the company’s development history and is also a new birth for the company. We will continue to uphold our principle of innovation and rigor, keep foothold in the capital market and determinedly perform the obligations of a listed company, acting as a responsible listed enterprise and living up to the love and expectations of all investors in Semiconductor Manufacturing Electronics (Shaoxing) Corporation! In the future, our company will move on sticking to independent, market-oriented, and internationalized business, dedicate ourselves to research and development as well as the production capacity layout of advanced analog circuit chips and modules, strive to be a pillar force of core chips and modules in the new energy industry and a world-class semiconductor innovation technology company, making positive contributions to the development of the entire industry and the progress of the entire society.”
 

Mr. Shi Huifang, the Deputy Secretary of the Shaoxing Municipal Party Committee and the Mayor of Shaoxing city, delivered his speech: “The semiconductor industry is the core of the information technology industry, is a strategic, fundamental, and piloting industry that supports development of the economic society and safeguards the national security. Today, the successful landing of Semiconductor Manufacturing Electronics (Shaoxing) Corporation in the Science and Technology Innovation Board of Shanghai Stock Exchange means a real recognition of the company’s adherence to innovative development over many years, and will also inspire more intelligent manufacturing enterprises to grow bigger, stronger, and better. We sincerely hope that Semiconductor Manufacturing Electronics (Shaoxing) Corporation can take advantage of the listing opportunity and keep on making new leaps in its development.”
 

Mr. Zhou Jie, the Secretary of the Party Committee of Haitong Securities Co., Ltd and the Chairman of Haitong Securities Co., Ltd., said at the ceremony: “Semiconductor Manufacturing Electronics (Shaoxing) Corporation’s official listing on the Science and Technology Innovation Board of Shanghai Stock Exchange is not only an important milestone in the company’s development journey, but also signifies the arrival of a high-quality enterprise with great development potential in the domestic capital market. We believe that Semiconductor Manufacturing Electronics (Shaoxing) Corporation will retain glory and create another splendor soon. Under the leadership of the Chairman, Ding Guoxing, the company will brave a long wind and break the heavy waves, and pull hard on oars and forge ahead with diligence and fortitude, making more and more contributions to China’s chips manufacturing industry!”
 

The funds raised in this IPO are mainly invested in technology transformation projects for MEMS and power device chip manufacturing and packaging testing production bases, as well as Phase II wafer manufacturing projects. Achievement of the fundraising project will further enhance the production capacity of Semiconductor Manufacturing Electronics (Shaoxing) Corporation, effectively meet the continuously growing market demand of customers, improve scale efficiency of production, enhance industrial technology level, increase the company’s market share, and strengthen the company’s overall competitiveness.

The company has demonstrated a high-quality development of a nova in the simulated semiconductor industry over a period of 5 years. With the achievement of the fundraising project of the company after listing on the Science and Technology Innovation Board, the company’s competitive advantage and the market share are bound to further enhance. The listing of the company on the Science and Technology Innovation Board will open a new chapter in the development of Semiconductor Manufacturing Electronics (Shaoxing) Corporation. The company will continue to underpin its own development and create value for society, repaying for the support and trust of all sectors of society.