CFMEE (09630.HK): Proposes to establish wholly owned subsidiary Jishiwei (Shanghai) Technology with RMB 100 million investment

NewTimeSpace News: On 26 August 2026, Circuit Fabology Microelectronics Equipment Co., Ltd. (stock code: 09630) published an overseas regulatory announcement setting out the announcement published on the Shanghai Stock Exchange website regarding the establishment of a wholly owned subsidiary through external investment. At the 8th meeting of the third session of the board of directors held on 26 August 2026, the Company considered and approved the resolution on establishing a wholly owned subsidiary through external investment, agreeing to invest RMB 100 million of its own or self-raised funds to establish a wholly owned subsidiary in Shanghai.

The announcement stated that the investment target is Jishiwei (Shanghai) Technology Co., Ltd. (provisional name, subject to actual registration), with a registered capital of RMB 100 million, 100% owned by the Company, with the actual investment amount subject to the amount approved or filed by the relevant competent authorities, and the Company will implement the investment and construction of the subsidiary in phases based on market demand and business progress. The target company's business scope covers technology services, technology development, software development, sales of electronic special equipment, sales of semiconductor device special equipment and sales of integrated circuits, among others, with its registered address in Qingpu District, Shanghai. The external investment is within the decision-making authority of the board, does not require shareholders' meeting approval, and does not constitute a connected transaction or a major asset restructuring.

The Company stated that establishing the wholly owned subsidiary is an important step to improve its industrial layout, extend the industry chain and enhance its comprehensive competitiveness; the target company will form synergies and complementarity with the existing business, further improving the Company's business footprint in the semiconductor equipment sector and enhancing its service coverage of the Yangtze River Delta region and the national market. The investment will be funded by own or self-raised funds and invested in phases, and will not have any material adverse impact on the Company's current and near-term financial position and results of operations. The Company also reminded that the external investment is subject to filing or approval by the relevant competent authorities, with risks that the filing or approval may not be obtained and the timing of such filing or approval is uncertain.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.