Shanghai Bright Power Semiconductor Co., Ltd. (688368.SH) plans to subscribe to Guangdong Xin Semiconductor's IPO strategic placement shares for no more than RMB 50 million.

Shanghai Bright Power Semiconductor Co., Ltd. (688368.SH) has announced that it will use its own funds to participate in the initial public offering strategic placement of Guangdong Xin Semiconductor Technology Co., Ltd., with a subscription amount not exceeding RMB 50 million. According to the "Guangdong Xin Semiconductor Technology Co., Ltd. Initial Public Offering and Listing on the ChiNext Board Issuance Announcement" disclosed by the target company on September 23, 2026, the issue price for this offering by Guangdong Xin Semiconductor is RMB 12.01 per share. The company has been allotted 4.1632 million shares, with an allotment amount of RMB 49,999,996. The number of shares allotted in this offering accounts for 0.81% of Guangdong Xin Semiconductor's total number of shares issued in this offering, and 0.14% of Guangdong Xin Semiconductor's total share capital after the initial public offering (before the exercise of the over-allotment option). Guangdong Xin Semiconductor is an integrated circuit manufacturing enterprise dedicated to providing 12-inch wafer foundry services and specialty process solutions to domestic and overseas chip design companies. With specialty process wafer foundry as its core business model, it serves chip design companies and end customers. Its major customers include a number of first-class semiconductor design companies both domestically and internationally. It possesses process research and development and manufacturing capabilities for products such as integrated circuits and power devices, with product applications covering consumer electronics, industrial control, automotive electronics, and artificial intelligence, among others.