On December 13, Gelonghui announced that Yuyuan Silicon (688432.SH) has stated that in order to further strengthen the company's competitiveness in the Semiconductor materials industry, accelerate the layout in the 12-inch silicon wafer industry, expand market and business development space, and thereby enhance the company's core competitiveness. The company plans to jointly increase capital in the joint-stock company ShanDong Yuyuan Aisi Semiconductor Materials Co., Ltd. (hereinafter referred to as "ShanDong Yuyuan Aisi") with the affiliated party China Yuyuan Technology Group Co., Ltd. (hereinafter referred to as "China Yuyuan") at a price of 1.02453275 yuan for each registered capital of 1 yuan, totaling 760 million yuan. The company plans to increase capital in ShanDong Yuyuan Aisi with its own funds of 380 million yuan, of which 370.9008 million yuan will be included in registered capital and 9.0992 million yuan will be included in capital reserve. China Yuyuan plans to increase capital in ShanDong Yuyuan Aisi with 0.38 million yuan, of which 37.0.9008 million yuan will be included in registered capital and 9.0992 million yuan will be included in capital reserve.
After this Trade is completed, the company will Hold 28.11% of the equity in ShanDong Yuyuan Aisi, and China Yuyuan will also Hold 28.11% of the equity in ShanDong Yuyuan Aisi.
