Baiao Chemical (603360.SH) subsidiary plans to sign a cooperation research and development project contract to participate in the development of the next generation dry etching equipment.

Smart Financial News App, Bai'ao Chemical (603360.SH) announced that its controlling subsidiary, Suzhou Xinhuilian Semiconductor Technology Co., Ltd. ("Xinhuilian"), plans to sign a cooperation research and development project contract with domestic well-known universities, research institutions, etc. to jointly participate in the development of next-generation dry etching equipment. Xinhuilian (Foshan) Semiconductor Technology Co., Ltd. ("Foshan Xinhuilian") as the leading unit, plans to invest its own funds of 2.186 billion yuan.