TZTEK plans to acquire a portion of the equity in its subsidiary Suzhou Silicon Motion

According to the Zhitong Finance APP, TZTEK (688003.SH) announced that the company plans to jointly acquire 4% of the equity of Suzhou Xihang Semiconductor Technology Co., Ltd. (hereinafter referred to as "Suzhou Xihang") held by Wuxi Chenglun Enterprise Consulting Management Co., Ltd. (hereinafter referred to as "Wuxi Chenglun") together with Wuhan Yuanxia Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Wuhan Yuanxia"), Mr. Zhu Changhua, and Mr. Cai Xiongfei. The company intends to acquire 0.54% of the equity of Suzhou Xihang (corresponding to RMB 678,831 in registered capital) that Chenglun has paid in for a consideration of RMB 8.871 million, and to acquire 1.08% of the equity (corresponding to RMB 1,357,662 in registered capital) that Wuxi Chenglun has not yet paid in for a consideration of RMB 0, while fulfilling subsequent capital contribution obligations, paying a total of RMB 16.129 million to Suzhou Xihang, with the company paying a total of RMB 25 million. After the completion of this transaction, TZTEK's equity stake in Suzhou Xihang will increase from 11.83% to 13.45%, and Mr. Cai Xiongfei's equity stake in Xihang will increase from 8.71% to 9.49%. Suzhou Xihang is mainly engaged in the research and development, production, and sales of wafer front-end defect detection equipment and components. Since its establishment, it has successively released three generations of bright field nano-pattern wafer defect detection equipment products: TB1000 for the 65nm process node, TB1500 for the 40nm process node, and TB2000 for the 14nm process node, some of which have already received formal orders from customers. The company's acquisition of shares in Suzhou Xihang is mainly due to the significant increase in the certainty of its semiconductor business as Suzhou Xihang's bright field detection equipment begins to generate sales, which plays a positive role in the listed company's business layout in the semiconductor field and supports the implementation and closure of the listed company's development strategy based on "independent research and development + overseas mergers and acquisitions + ecological investment."