Purple Reduction SMIC, still the third largest shareholder

According to the latest information from Hong Kong Stock Exchange, according to the latest information from the Hong Kong Stock Exchange, SMIC was under the control of the Ziguang Group on June 27 with an average price of HK$11.3815 per share to reduce its holdings by approximately 650,000 shares, which involved approximately HK$7.397 million.

After the reduction, Ziguang Group and its controlled corporations held a total of 34475.16 million new shares, which decreased from 7.00% to 6.99%.

On December 23 last year, Ziguang Holding announced on the Hong Kong Stock Exchange that the company further purchased approximately 4.16 million shares of SMIC in the open market on December 22, with an average purchase price of HK$11.87 per share. After that, the shareholding ratio rose to about 7%. Ziguang Holding believes that the purchase of SMIC shares is an attractive investment that will help increase investment returns.

It is understood that Ziguang Group held the first SMIC shares of more than 5% as early as November 1, 2016. SMIC also previously issued an announcement saying that Ziguang Group has confirmed that Ziguang intends to hold shares as a financial investor. There is no intention to nominate a member of SMIC's board of directors. The announcement also pointed out that the accumulated shareholding of SMIC with SMIC will not change SMIC's corporate nature and the company's 'independent, international' operating model.

At present, Ziguang Group is the third largest shareholder of SMIC. Its shareholding ratio is second only to Datang Telecom and China National Integrated Circuit Industry Investment Fund.