1. The National Fund has taken 15 shots in 10 months, and the role of warfare has become more and more obvious;
Abstract: According to incomplete statistics, since September last year, there have been 11 targets for investment in the secondary market in the secondary market, with a total of 15 shots and nearly 25 billion yuan in seesaw funds. Today, the second phase of the big fund is in full swing. In the process of fundraising, the scale of investment is expected to exceed one trillion yuan. Under the leadership of huge slab funds, how should China's IC industry regulate and professionally invest?
As the semiconductor industry is a technology and capital-intensive industry, investment driving is one of the main driving forces for the scale expansion of the semiconductor industry. Especially for the Chinese integrated circuit industry whose overall strength needs to be improved, policy funding is needed. To maintain the company's continued investment in development, thereby enhancing its industry competitiveness.
In September 2014, in line with the National Integrated Circuit Industry Promotion Program and industrial development needs, the National Integrated Circuit Industry Investment Fund (referred to as the 'big fund') took the opportunity to fully promote the investment and financing of China's IC industry and support the industry acceleration. Develop and grow.
As the largest trader in China's semiconductor industry investment, the big fund, since September last year, accelerated the investment and financing of the semiconductor industry chain in the secondary market, the industry's action has accelerated. According to the incomplete statistics of the micro-network, since last year 9 Since the beginning of the month, the fund's investment in the secondary market has been characterized by Changjiang Electronics Technology, Jacques Technology, Huiding Technology, Juhua, Jingfang Technology, Huahong Semiconductor, Tongfu Microelectronics, Jingjiawei, SMIC, Taiji Industry, Guokewei and other 11 companies, including the design, manufacturing, packaging and testing, materials and other links, a total of 'hands' 15 times, nearly 40 billion yuan of funds, while at the same time, driven by large funds Industrial funds jointly established by government funds and enterprises have also sprung up.
In ten months, the big fund took 15 shots in the secondary market.
Since September 2017, large funds have been active in the secondary market, with investment in stocks almost every month, with a single capital contribution of up to 2.9 billion yuan.
On September 29, 2017, Changjiang Electronics Technology announced that it plans to issue no more than 272 million shares to five targets, raising no more than 4.55 billion yuan, including 2.9 billion yuan in large funds.
On October 18, 2017, Jacques Technology announced that the fund has invested 550 million yuan to help Jacques Technology become a leading platform for semiconductor materials and supporting industries. After the transaction is completed, the big fund will become the third largest shareholder of Jacques Technology. .
On November 22, 2017, Huiding Technology disclosed that the company's shareholders 'Huifa International' and 'Huixin Investment' will transfer 30.2 million shares of the company to the big fund, accounting for 6.65% of the company's total share capital, and the transfer price is 93.69 yuan. / shares, a total of about 2.829 billion yuan.
On December 19, 2017, Juhua announced that the company intends to jointly establish a large-capital technology with a large fund and other parties. The registered capital of Zhongjuxin Technology is 1 billion yuan, and the big fund contributes 390 million yuan, holding 39%.
On December 29, 2017, Jingfang Technology announced that the company's shareholder Engineering and IP Advanced Technologies Ltd. (hereinafter referred to as 'EIPAT') signed a "share transfer agreement" with the big fund, and EIPAT transferred its holding party to the big fund. The company has 21,677,753 shares of unrestricted shares, accounting for 9.32% of the company's total shares. The unit price of the transfer is 31.38 yuan/share, and the total transfer price is 680 million yuan.
On January 3, 2018, Hua Hong Semiconductor announced that the company intends to issue approximately 242 million shares to the Subscriber's Fund, accounting for 18.94% of the total number of enlarged issued shares, and the subscription price of HK$12.90 per share. Net proceeds About 400 million US dollars.
On January 8, 2018, Tongfu Microelectronics announced that on November 10, 2017, the company received the “Approval on Approving Tongfu Microelectronics Co., Ltd. to Issue Shares to the Big Fund and Raise the Matching Funds”. The company issued 181,074,458 shares to the big fund to purchase the relevant assets; the approved company's non-public offering of shares raised funds not to exceed 969 million yuan.
On January 19, 2018, Jingjiawei announced that the company plans to raise 1.3 billion plus chip industrialization projects to the big fund and Hunan Gaoxin. The amount of the large fund subscription accounted for 90% of the total amount of funds raised in this non-public offering. That is no more than RMB 117 million.
On January 30, 2018, SMIC announced that SMIC South intends to increase its capital and share its share capital from US$210 million to US$3.29 billion to US$3.5 billion. Among them, SMIC has a wholly-owned subsidiary. Core Holdings Cash contributed US$1.5435 billion, the Big Fund cashed US$946.5 million, and the Shanghai IC Fund paid US$800 million in cash.
On February 27, 2018, Tongfu Microelectronics announced that on February 26, the company received a notice from its shareholders, Fujitsu China, Fujitsu China and the big fund, Nantong Merchants, and Daokang Xinbin Investment signed the “Share Transfer Contract”. The transfer company has 184,917,589 shares of unrestricted tradable shares. The transfer price is 9.20 yuan per share, and the transfer price of the big fund is 640 million yuan.
On March 13, 2018, Changjiang Electronics Technology Co., Ltd. announced that the company and the big fund signed the "Supplemental Agreement" of the "Share Subscription Agreement" on the same day. The total amount of funds raised by Changjiang Electronics Technology Co., Ltd. will not exceed RMB 4,050 million. Including 4.50 billion yuan), among which, the subscription amount of the big fund does not exceed 2.9 billion yuan (including 2.9 billion yuan). After the investment is completed, the big fund will become the largest shareholder of Changjiang Electronics Technology.
On April 24, 2018, SMIC announced that it had conditionally agreed to place approximately 241 million Placing Shares at a price of HK$10.65 per Placing Share, of which the Grand Fund Subscription Shares were HK$1,262 million (approximately HK$1,071 million).
On June 4, 2018, Taiji Industrial announced that the company transferred 130 million shares to the big fund, accounting for 6.17% of the company's total share capital, and the transfer price was 7.3 yuan/share, corresponding to the total price of 494 million yuan.
On June 29, 2018, Guoke Micro announced that the company and the big fund jointly invested to establish Hunan Xinsheng Equity Investment Partnership (Limited Partnership). The partnership company subscribed for a total investment of 254 million yuan, of which the large fund subscribed for capital contribution. The amount is 150 million yuan.
The big fund is mainly based on warfare, and the role of the seesaw is more obvious.
Senior investors from industry investment institutions told reporters that the investment methods of large funds in the secondary market are basically divided into strategic investment and financial investment. Among them, the war investment needs to introduce the war investment process, the transferred shares have a lock-up period, and the board of directors of the target company can Get a seat; financial investment is a general increase, bidding through a large transaction, but after holding more than 5% of the equity, there are placard requirements.
From the 15 capital contributions of the above-mentioned large funds, strategic investment is still the main way. In addition to investment equity, strategic investment may have some synergies, strategic layout effects, etc., which is more difficult for market-oriented operations. Now the financial investment liquidity is not high, and the big fund is generally not satisfied with this.
It is worth noting that at the same time of strategic investment, the large fund has repeatedly established industrial funds with enterprises to increase the industrial layout.
Ding Wenwu, president of the National Integrated Circuit Industry Investment Fund Co., Ltd., publicly stated that the fund has a five-year investment plan and a five-year payback period. If necessary, the fund’s duration can be approved by the shareholders’ meeting. It is extended for another 5 years. At present, the 10-year duration may not be enough, because investment in the chip manufacturing industry, no 8 to 10 years can not see profit.
At present, the investment in the first phase of the big fund is nearing completion, and the committed investment has exceeded 100 billion yuan. The investment layout has already begun to appear. Ding Wenwu said that in the next stage, we will appropriately increase investment in the design industry. After all, the chip design is Leading. Now the fund's investment ratio for the design industry is 17%. In the future, this ratio may increase. In our current commitment investment, the chip manufacturing industry accounts for 65% of the total, and the design industry accounts for 17%. 10%, equipment and equipment industry accounted for 8%; the future will focus on national strategies and emerging industries for investment planning, such as smart cars, smart grid, artificial intelligence, Internet of Things, 5G and other fields.
It should be pointed out that with the large-scale investment promotion and policy support of large funds, all localities are very active in developing the integrated circuit industry. Many local governments support the development of integrated circuits as key industries. Not only that, social capital sees After this trend, they also tend to invest in the integrated circuit industry. Therefore, the leverage of big funds in inciting social capital is very obvious.
In specific operations, large funds can directly participate in equity investment, and can also invest in local funds and social capital, and simultaneously strengthen synergies with sub-funds and social capital. Under the guidance of the first phase of the big fund, By the end of 2017, the large fund had effectively made more than 60 projects, benefiting 46 enterprises, and basically realized the investment layout coverage of the integrated circuit industry chain; and driven by the large funds, the total size of the sub-funds proposed or established by each locality exceeded 300 billion yuan, equivalent to achieving a zoom in effect of nearly 1:5. Therefore, the big fund's action on industrial capital is obvious, and it is more powerful to promote the landing and growth of this industry.
From the actual results, the large fund investment has significantly enhanced the comprehensive strength of the domestic integrated circuit leading enterprises, and enhanced the competitiveness of the domestic integrated circuit industry chain. In particular, it plays a role in demonstration and driving, perfecting the investment layout of the integrated circuit industry chain, and simultaneously Innovative investment and financing system and mechanism exploration, cracking the industrial financing bottleneck effect is significant.
It is understood that the second phase of this year's big fund is in the process of intensive fundraising, and the scale of investment is expected to exceed one trillion yuan, which can better promote the synergy and linkage within the domestic integrated circuit industry, which is of great significance to the establishment of the integrated circuit ecosystem. At that time, the investment of the big fund in the integrated circuit industry chain will be more comprehensive, and the industrial funds will be even larger, thus accelerating the further development of China's integrated circuit industry.
Then, with the huge funds of the seesaw, how should China's IC industry regulate and professionally invest in order to meet the requirements of the national will to invest in long-term investment in strategic industries, and to meet the practical significance of investors' pursuit of investment returns. The 2018 Micro-Semiconductor Summit will be held soon, where you will find the wind vane of industrial capital.
The 2nd Jimei Semiconductor Summit, hosted by Jiwei.com, China Semiconductor Investment Alliance and Xiamen Semiconductor Investment Group Co., Ltd., will be held in Xiamen Haicang on August 31. The summit set up a semiconductor industry policy summit. Semiconductor Investment Alliance Council (30th); IC industry investment theme summit, summit dinner and award ceremony, storage and 5G special forum and high-end talent salon, investment salon (31st) and other heavyweight plates simultaneously, gathering in China Top ICs and executives in the integrated circuit industry, mainstream semiconductor investment institutions, and strong media groups support to create the most powerful investment think tank in the IC industry!
It is worth emphasizing that since the publication of the National Outline of the Development of Integrated Circuit Industry, the development of China's IC industry has clearly mentioned a new height. Local governments have also responded positively, and have formulated local "development promotion programs". Beijing Shanghai, Hefei, Xiamen, Xi'an, Chongqing, Wuhan, Shenzhen, Jiangsu, Shandong, Tianjin and other semiconductor towns have established local promotion funds before and after the National Integrated Circuit Industry Investment Fund to promote the sustained and rapid growth of China's semiconductor industry.
Wang Yanhui, secretary-general of China Semiconductor Investment Alliance, said that this year's Jimei Semiconductor Policy Summit will be a major review of China's support industry development. In the next two years, government funds will become the biggest angel in the development of China's IC industry! Get the best stage for angels to fall. (Proofreading / Fan Rong)
2. Beijing IC standard factory building will be completed for SMIC's 12-inch wafer production;
Abstract: The project of Beijing Sui and Tang Dian Integrated Circuit Standard Factory (Phase I) has entered the main decoration stage and is expected to be completed by the end of November. The standard factory building for this project will be mainly used for SMIC 12-inch wafer production, with monthly production capacity. 50,000 pieces, expected to achieve 10 billion yuan output value.
Set micro-network news (text / Xiaobei) Recently, Beijing Yizhuang Yutang Integrated Circuit Technology Co., Ltd. (hereinafter referred to as 'Sui Tang') integrated circuit standard factory building (Phase I) project has entered the main renovation stage, is expected to be completed by the end of November. On November 30 last year, the standard factory was capped, and now the plant has entered the final 'finishing' stage.
The integrated circuit standard factory building (Phase I) project is implemented in the B10M1 plot of Ludong District, Beijing Economic and Technological Development Zone, to build a 12-inch wafer production standard factory building, and the corresponding power plant, etc., with a total construction area of 190,000 square meters. According to Beijing Business Daily It is reported that after the project is completed, it will be mainly used for SMIC's 12-inch wafer production, with a monthly output of 50,000 pieces. It is expected to achieve a production value of 10 billion yuan, which will provide integrated circuit companies with manufacturing in the fields of image sensors and memories. Standard factory space.
Sui and Tang Standard Factory Project is another major investment project of Beijing to promote the development of integrated circuit industry. It was invested and established by Beijing Sui and Tang Integrated Circuit Technology Co., Ltd., and SMIC International and Yizhuang Guotou Beijing International Engineering Consulting Co., Ltd. jointly established team management operations. After the project is completed, it will provide new space and platform for the development of SMIC in Beijing.
Founded on August 23, 2016, Sui and Tang Dynasties is a wholly-owned subsidiary of Beijing Yizhuang International Investment Development Co., Ltd., focusing on the development of the integrated circuit industry. Its goal is to strengthen the hardware by building a domestic leading professional integrated circuit industrial park hardware carrier. Open the industry's comprehensive capabilities, and then create an internationally influential integrated circuit industry cluster.
Yizhuang is the main carrier of the integrated circuit industry in Beijing. It has gathered integrated circuit companies such as SMIC, SMIC North, North Huachuang, Weixun, Infineon, and JiChuang North to form designs, manufacturing, equipment and materials. The complete industrial chain of parts and packaging and testing, the industrial scale accounts for 1/2 of Beijing, 1/10 of the country. The power of integrated circuits in Beijing Yizhuang is still increasing. It is completed in 2018 and has many projects, such as The second phase of the North China Huachuang project has been put into production. The Yandong Microelectronics 8-inch integrated circuit R&D industrialization and packaging and testing platform project will be put into operation in the second half of the year. (Proofreading/Spring/Summer)
3.2018 chip design industry analysis China's dependence on imports has not changed;
China is in the catch-up phase
Judging from the current industrial development situation, the situation that China's core chips mainly rely on imports has not changed. The current domestic chip share in the field of high-performance computing chips CPU/GPU/FPGA and high-performance analog chips is still almost zero.
Even with the promotion of national policies and a large amount of funds, only Hess, Spreadtrum in mobile communication application processors, communication chips, Zhaoyi innovation in niche-type storage, microprocessors in some areas, and expansion to the mainstream market of dram, Jiawei, Feiteng, Zhaoxin, etc. are in some CPU/GPU fields. Silicon Lijie, Shengbang has realized some domestic substitution in the field of analog chips, and mainly concentrated in the consumer and communication fields, automotive electronics, industrial control, military industry relies on Sex is more serious.
Specifically, in the CPU market, after several years of catching up, domestic CPUs have completely independent core technologies in some areas, and a number of research institutes and backbone enterprises have emerged, with a 'completely autonomous controllable instruction set' and 'compatible. The international mainstream, independent command system's CPU products, several of which are well-known are Feiteng, Godson, Zhongke Shuguang, Zhaoxin and so on.
In the GPU market, domestic companies are also aware that the current core technology is subject to people, and is constantly catching up in policy support, technology research and development and downstream space.
In the field of analog chips, according to WSTS data, the size of China's analog chip market reached 199.49 billion yuan in 2016, an increase of 13.55% year-on-year, accounting for 62% of global analog chip sales. From the perspective of downstream application structure, domestic analog ICs are mainly used in network communication. In the fields of consumer electronics, computers, automotive electronics and industrial control, the distribution is 40%, 27%, 9%, 9% and 12%.
Despite the huge domestic analog IC market, the top five manufacturers are all European and American multinational companies. In 2016, Texas Instruments, NXP, Infineon, Sijiaxun and STMicroelectronics accounted for 12.4%, 6.3%, 5.9 of China's analog IC market. %, 5.3% and 5.2% market share. It can be seen that the analog chip market has huge import substitution space, and domestic enterprises need to grow.
In general, domestic enterprises still have large technological gaps with foreign companies in key areas such as CPU. It is very difficult to achieve catch-up in a short period of time. However, from the perspective of industrial development in recent years, the technology gap is gradually narrowing. At the same time, in the context of the country's vigorous promotion of the development of semiconductors, it is possible to gradually realize the localization of chips.
In the future, the development of the semiconductor design industry will focus on national information and social security, development of independent CPU and security products; development of high-end integrated circuit products for mobile communications and smart TV; development in specific areas such as security industry, automotive, smart grid, etc. Featured Products and IP. Prospective Industry Research Institute
4.464 billion venture capital funds, Shanghai regards integrated circuits as the most important investment direction;
The Shanghai Venture Capital Pilot Fund, which is entrusted to manage, has subscribed for 8.9 billion yuan, the total fundraising scale of the fund is 46.4 billion yuan, and the leverage of financial funds is nearly 6 times; the number of participating companies in the fund is over 700, of which 98% are strategic emerging industries. In the early, early and mid-term, enterprises accounted for 89%; the invested enterprises realized a total sales of 136.5 billion yuan, 10,100 new patents, and 15,994 innovations.
Behind a set of data, Shanghai Science and Technology Venture Capital (Group) Co., Ltd. is the funding carrier for government functional funds, the cultivation platform for technology-based SMEs, and the professional organization for market-oriented operation of state-owned enterprises.
Recently, in the "2018 Dialogue of Shanghai State-owned Enterprises Leaders" in Shanghai, the group's party secretary and general manager Shen Weiguo said that in the process of promoting Shanghai's innovation and entrepreneurship, the group will closely focus on the construction of the Science and Technology Center, helping to form ' The collaborative development pattern of entrepreneurship, innovation + venture capital has become the main force in the construction of Shanghai Science and Technology Innovation Center and the leader of Shanghai's innovation and entrepreneurship.
There is a frequently quoted metaphor in the field of science and technology: the basic research of scientific and technological innovation activities, the development of pilot test, the three ratios of industrial production, the ratio of funds required is 1:10:100, and the funds for each development stage are the first one. Ten times the stage. Once the investment is insufficient, the innovation loop will be broken, and the initial investment will be lost.
'Kechuang Investment Group hopes to build a full-featured investment and financing platform that promotes the whole life cycle of Shanghai's innovation and entrepreneurship.' Shen Weiguo said that it will foster technological SMEs and promote the transformation and upgrading of Shanghai's strategic emerging industries.
Specifically, the first is to build a government fund investment management platform. On the one hand, promote social capital to participate in innovation and entrepreneurship; on the other hand, focus on the development of key industries, while also spare no effort to promote the transformation of scientific and technological achievements. 'We invested 1 billion yuan, participated in the scale of 100 By the end of 2017, the project has invested 6 projects with an investment of 1.5 billion yuan. Shen Weiguo said.
The second is to build a government-funded new project investment management platform. Significant progress has been made in many projects: Shanghai Microelectronics Equipment Co., Ltd. has become the only high-tech company in the world with the design and integration of high-end lithography systems in Shanghai; The integrated circuit equipment developed and manufactured by Micro-Semiconductor Company has entered the advanced manufacturing production line at home and abroad, realizing China's innovation and breakthrough in this field; Shengmei Semiconductor Equipment Co., Ltd. successfully listed on NASDAQ in 2017.
The third is to build a platform for innovation and entrepreneurial ventures. Shen Weiguo said that the direct investment of state-owned venture capital firms has always been centered around the government's strategic orientation, such as: focusing on the government's development of biopharmaceutical industry strategy, equipment manufacturing, revitalizing the real economy strategy, etc. Over the years, 127 investment projects have been listed (accumulated 172 over the years), and 110 awards have been awarded for various achievements (including 3 first prizes for Shanghai Science and Technology Progress), 6 companies (Iqiyi, registered network, safe doctor) , looking for steel mesh, Hujiang.com, Qi Niuyun) became a 'unicorn' enterprise.
The fourth is to build a technology financial service platform. Science and Technology Investment Group has created a full-featured, full-life science and technology financial service platform for innovative and entrepreneurial enterprises. By exploring new forms of technology finance, it has helped to promote 'mass entrepreneurship, innovation” 'Investment, loan, guarantee, service' linkage mechanism.
In this process, as an investment institution, Shanghai Science & Technology Investment Group not only became the 'accelerator' of cultivating brands, but also started the reputation of its own brand. 'In the future, we will hatch more brands.' Shen Weiguo said, It is necessary to further play the platform role of the national functional venture capital enterprise, guide the role, demonstrate the role, attract and gather more social forces, social capital and investment teams to participate in the brand building in Shanghai, and form the 'pipeline' of the hatching brand and 'Processing factory'.
Taking the integrated circuit industry as an example, the investment is large, the cycle is long, and the risk is high, which often makes many social capitals “deeply deterred.” As the manager of the Shanghai IC industry investment fund, the science and technology investment group has been laid out for a long time, and has been integrated for more than a decade. Circuitry is one of the most important investment directions.
'We have systematically and fundamentally laid out the entire industrial chain of integrated circuits in various ways, such as direct investment, fund investment, and government-specific investment, according to the government's development strategy for the integrated circuit industry.' Shen Weiguo said Through years of intensive cultivation, we are committed to the creation of a 'Shanghai Made' brand enterprise with distinctive characteristics.
According to reports, the Group has invested in nearly 50 types of integrated circuit companies, forming a portfolio covering almost the entire industry chain including design, equipment, manufacturing, materials, etc. The investment stage has also achieved early stage, growth period, industrial investment, mergers and acquisitions. Wait for full coverage of all stages.
Providing 'Shanghai Service' to help 'Shanghai Manufacturing', Shanghai has started the 'Four Big Brands', and investment institutions are an important part of it. If the 'Four Big Brands' are 'ladders' that build Shanghai's future strategic advantages, then investment institutions It is the 'people who help the ladder', so that every innovative entrepreneur can go more stable.
In this regard, Shen Weiguo said that the next step is to focus on the national strategy, give play to the 'demonstration' role of state-owned venture capital, better support the development of enterprises in key areas and new areas; focus on new technologies and new industry development, around 5G, AI, New technologies, new fields and emerging industries such as new energy vehicles, increase layout; Focus on the linkage of industry chains and platforms, promote venture capital enterprises, exchange information among investment projects, business synergies, investment linkage and resource sharing; Focus on reform and innovation The Group will have steps to systematically promote the market-oriented reform of the Group; focus on the areas of people's livelihood that the people care about, such as biomedicine and other fields related to people's livelihood.
Two days ago, Shanghai Science & Technology Investment invested in the equipment produced by Shengmei Semiconductor, successfully moved into its investment in the 'Hua Li Phase II' 12-inch advanced production line project; and earlier, its investment in the equipment produced by Zhongwei Semiconductor It has successfully moved into another new production line of SMIC International. The cooperation of this industry chain innovation chain is greatly improving the effect of Shanghai's integrated innovation and overall development.
Shen Weiguo said that as a state-owned venture capital enterprise, it will continue to invest in early-mid-term projects, adhere to strategic emerging industries, adhere to the role of state-owned functional venture capital enterprises, and adhere to the growth of service technology SMEs.
5. Jinjiang IC Industry Park Construction Preparation Team: Ensure that the project is put into operation;
On the afternoon of the 2nd, Zhang Wenxian, the mayor of Jinjiang City, presided over the working conference of the preparatory group for the construction of integrated circuit industrial parks, listened to the progress report on the work in the previous stage, coordinated and resolved related issues, and urged the project construction to speed up and increase efficiency.
It is reported that since the establishment of the preparatory group for the construction of Jinjiang Integrated Circuit Industrial Park, the goal of “building a domestic first-class, world-leading memory base” has been comprehensively planned to promote planning and construction, formalities for approval, investment and docking, and talent recruitment, and achieved remarkable results.
Zhang Wenxian fully affirmed the effectiveness of the preparatory work in the preparatory group. He demanded that the preparatory team should continue to carry forward the spirit of special combat and special dedication, and further boost the spirit and feelings of 'not having to be in me, be sure to have me'. The entrepreneurial spirit of the company is striving to achieve new results at a new starting point; to emancipate the mind, boldly reform, further innovate the mechanism, quickly and efficiently, scientifically and standardize the work, and create a business environment construction, project management and construction of Jinjiang Models: To further enhance execution, strengthen team building, strengthen collaborative collaboration, build chain around the leading chain, build eco-friendly, high-efficiency, high-quality services to lead the project, ensure the project is put into production, and accelerate the construction of integrated circuit industry chain.
Wang Wenhui, deputy mayor of Jinjiang City attended the meeting. Jinjiang News Net
6. North Huachuang implements equity incentives for core technical personnel
Recently, the board of directors of North Huachuang reviewed and approved the “Proposal on Granting Stock Options to Incentive Objects of the First Equity Incentive Plan”, and completed the approval process for the stock option awards of the first batch of core technicians and managers, marking the end of the talents of North China Ventures. The long-term incentive mechanism has taken substantial steps. North Huachuang has also become the first state-owned listed company in Beijing to implement the equity incentive plan.
The North China Venture Capital Incentive Plan began to be planned in 2017. On June 21, 2018, the Beijing Municipal State-owned Assets Supervision and Administration Commission received the “Reply on the implementation of the stock option incentive plan for the North China Venture Technology Group Co., Ltd.”, which was awarded 2018 on July 10. According to the clear plan of equity incentive plan, the North China Huachuang stock option was awarded three times, each time granting 4.5 million shares of stock options, accounting for 0.98% of the total issued share capital. The stock comes from the A shares of common stock issued by the company to the incentive object. The stock option is locked for 24 months and the exercise period is three years. In 2018, the first stock option is granted. The exercise price is 35.36 yuan/share. For the company's core technical staff and management staff.
North Huachuang is a technology-intensive industry with semiconductor equipment as its core business. In order to attract and stabilize outstanding talents, especially high-tech talents, North Huachuang has been exploring the construction of long-term talent incentive mechanism. The implementation of this equity incentive plan, It is the first step taken by North Huachuang in building a long-term incentive mechanism for talents. It will effectively help the company achieve its strategic goal of talent development and provide a stronger driving force for the company's long-term development in the future. Beijing Business Daily