HC Semitek announced that its controlling shareholder, BOE Technology Group, has agreed to subscribe to all shares issued in this private placement, with a subscription amount not exceeding 998 million yuan. The number of shares to be issued will not exceed 97.94 million shares, representing no more than 30 percent of the total share capital before the issuance. The issue price will be no lower than 80 percent of the average trading price over the 20 trading days prior to the pricing reference date. This transaction constitutes a connected transaction but does not constitute a major asset restructuring. In the first quarter of 2026, HC Semitek achieved revenue of 2.221 billion yuan and a net profit attributable to the parent company of 50.67 million yuan.
HC Semitek CorpControlling shareholder BOE subscribes to entire private placement up to 998M yuan, providing capital infusion.
BOE Tech GroupBOE as controlling shareholder subscribes to subsidiary's private placement, potentially strengthening its stake and financial support.