ASMPT (00522) subsidiary and Shenzhen Zhi Zheng High Molecular Materials and Zhengxin Tongchuang proposed transaction price confirmation agreement.

ASMPT (00522) issues announcement that on February 28, 2025, its wholly-owned subsidiary Advanced Hong Kong Holdings Limited (AHKH) has entered into a price confirmation agreement with A-share listed company Shenzhen Zhi Zheng High Polymer Material Co., Ltd. (stock code: 603991.SH) and Zhengxin Tongchuang. The proposed transaction mainly includes: (1) AHKH to subscribe for consideration shares (29 million new shares of the A-share listed company) for the sale of the first part of the target assets (i.e. 2885 shares of the target company's common stock); and (2) AHKH to sell the second part of the target assets to the A-share listed company, including the remaining common shares held by AHKH in the target company (i.e. 2453 shares of common stock), with a cash consideration of approximately RMB 789 million. The first part of the target assets and the second part of the target assets together constitute the target assets, accounting for 49% of the target company's issued shares. After the proposed transaction is completed (excluding the raising of additional funds), AHKH will hold approximately 21.06% of the A-share listed company's shares. The announcement states that the proposed transaction is in line with the company's strategy to focus on its core capabilities of providing hardware and software solutions for semiconductor and electronic product manufacturing. By selling its equity interest in the target company, the company will immediately receive RMB 7.89 billion in cash proceeds. In addition, after the completion of the transaction and the raising of additional funds, AHKH will hold no less than 18% of the A-share listed company listed on the Shanghai Stock Exchange. Given the potential value-added opportunities in the semiconductor materials sector, this provides an opportunity for additional shareholder value.