Zhizheng Group plans to acquire 99.97% equity of AAMI and invest in semiconductor lead frame business

On October 23rd, Zhizheng Group announced that the company plans to directly and indirectly acquire 99.97% equity of target company AAMI through major asset swaps, issuing shares, and paying cash, and allocate 100% equity of its wholly-owned subsidiary, Zhizheng New Materials, to the listed company, and raise matching funds.

According to the Asset Purchase Agreement, after the completion of this transaction, ASMPT Holding, a wholly-owned subsidiary of ASMPT, a Hong Kong listed company, will become the second largest shareholder of Zhizheng Shares, with an expected shareholding ratio of no less than 20%.

According to data, AAMI is one of the top five semiconductor lead frame suppliers in the world, with strong competitive advantages in high-end application markets such as high precision and high reliability. Its products have fully entered the automotive, computing, communication, industrial, consumer and other application fields, covering a wide range of mainstream leading semiconductor IDM manufacturers and packaging and testing foundries worldwide.

Zhizheng Group believes that after the completion of this transaction, the company will focus on the research and development, design, production, and sales of semiconductor lead frames, as well as the existing polymer materials business for cables. The listed company will concentrate on semiconductor packaging materials and specialized equipment, and implement the strategic transformation goal of the listed company focusing on the semiconductor industry chain.

Zhizheng Corporation stated that ASMPT is a leading global semiconductor packaging equipment leader and will play an important role in the company's business governance and strategic decision-making, which is beneficial for the company's business transformation, upgrading, and long-term development. This transaction will achieve the optimization of the equity structure and governance structure of the listed company, which is the first demonstration for A-share listed companies to introduce international semiconductor leading shareholders, and will effectively promote the coordinated development of the domestic and foreign semiconductor industry.

Zhizheng Corporation stated that through this transaction, the company will accelerate its transformation and upgrading towards semiconductor new quality productivity, effectively improve the quality of listed companies, make up for the shortcomings of high-end semiconductor materials in China, and promote the strengthening of emerging industries such as automobiles, new energy, and computing power.