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M&A and Subsidiary Changes3445RS Technologies Co.,Ltd.Construction and Materials

Notice Regarding the Acquisition of Shares in Anhui Jinglong Semiconductor Technology Co., Ltd. (Making It a Subsidiary) by Our Consolidated Subsidiary Youyan Semiconductor Silicon Materials Co., Ltd.

GRITEK, the Company's consolidated subsidiary in China, acquired a 60% equity interest in 安徽晶隆半导体科技有限公司, making it a consolidated subsidiary. The acquisition price was RMB 450.71 million.

Worth reading
45Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
45071
RMB 10,000s (approximately ¥10,691 million)
Wording
Conditional
How definitive the wording is.

This transaction

Acquisition of shares and conversion into a subsidiary
Counterparty滁州市南谯区国有资产运营有限公司
Disclosing companyRS Technologies Co.,Ltd.
安徽晶隆半導体科技有限公司Voting rights ownership percentage

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.

Contract Date6 July 2026
Execution Date / Effective Date6 July 2026 (acquisition completed; the target became a consolidated subsidiary of GRITEK)
Target company

・Research and development, manufacturing, and sale of epitaxial wafers ・Semiconductor materials-related business

Location Nanqiao District, Chuzhou, Anhui Province, People's Republic of ChinaShare capital RMB 80 million (approximately ¥1,898 million)Date of incorporation 18 September 2023
Consideration and expenses
Acquisition priceRMB 450.71 million (approximately ¥10,691 million)
Impact on Business Performance

The impact on consolidated results for the fiscal year ending December 2026 is currently under review. We will promptly disclose any matters requiring disclosure if they arise.

This transaction
ItemDetails
Transaction nameAcquisition of shares and conversion into a subsidiary
Counterparty name滁州市南谯区国有资产运营有限公司
Name of the Subject Company安徽晶隆半導体科技有限公司
Business Description of the Subject Company・Research and development, manufacturing, and sale of epitaxial wafers ・Semiconductor materials-related business
Location of the Subject CompanyNanqiao District, Chuzhou, Anhui Province, People's Republic of China
Capital Stock of the Subject CompanyRMB 80 million (approximately ¥1,898 million)
Date of Establishment of the Subject Company18 September 2023
Acquisition priceRMB 450.71 million (approximately ¥10,691 million)
Voting rights ownership percentageBefore 0% → after 60%
Impact on Business PerformanceThe impact on consolidated results for the fiscal year ending December 2026 is currently under review. We will promptly disclose any matters requiring disclosure if they arise.
Contract Date6 July 2026
Execution Date / Effective Date6 July 2026 (acquisition completed; the target became a consolidated subsidiary of GRITEK)
Items this document does not state (20)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To enter the epitaxial wafer business at an early stage, achieve synergies with the existing prime wafer business, manufacture high-value-added products, enhance competitiveness, strengthen the earnings base, and stabilize profitability.

How to read this page

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Notice Regarding the Acquisition of Shares in Anhui Jinglong Semiconductor Technology Co., Ltd. (Making It a Subsidiary) by Our Consolidated Subsidiary Youyan Semiconductor Silicon Materials Co., Ltd. | RS Technologies Co.,Ltd. (3445) timely disclosure | Komori