GRINM Semiconductor Materials (688432.SH) plans to participate in the acquisition of 60% equity of Jinglong Semiconductor through a public delisting.

GRINM Semiconductor Materials (688432.SH) announced that the company plans to participate in the acquisition of Anhui Jinglong Semiconductor Technology Co., Ltd. ("Target Company" or "Jinglong Semiconductor") by acquiring 60% of the equity through a public auction delisting method. The listing price for the transfer of equity is 451 million yuan. If the delisting is successful, the company will hold 60% of Jinglong Semiconductor's equity and include it in the company's consolidated financial statements. The Target Company is engaged in the research, development, manufacturing, and sales of silicon epitaxial products, which have strong industrial synergies with the company's own development. By meeting the current needs of the listed company's customers, the acquisition will provide a one-stop solution from substrate materials to epitaxial products for more customers, expand product application areas, better meet diverse and personalized customer needs, and achieve industrial chain complementation and strengthening. At the same time, it helps to promote the deep integration of silicon substrate technology and epitaxial technology, and enhance the overall competitiveness of the products. The personnel of the Target Company have rich experience in epitaxial production and research and development, and their existing factory has good adaptability and sufficient space for expansion. In the future, it will further play a synergistic role, helping the company to develop new businesses and expand new momentum around the industrial chain layout.