Sino-US Crystal Division Semiconductor and LED Division, an independent 100% shareholding subsidiary

Sino-US Crystal has announced that it will split its two semiconductor and LED divisions, and establish two 100% independent companies. The LED sapphire substrate division will establish a new company, “Sapphire Technology”, and the semiconductor division will establish a new company, “Global Crystal”. "Circle", the division of the base date is tentatively scheduled for October 1.

The two new companies were initially 100% owned by Zhongmeijing. As each new company already has a certain scale and technical basis, it is in line with the post-segment simple listing regulations. The new company hopes to become a listed company in the next year.

It is understood that Sapphire Technology has a capital of NT$400 million and an asset value of approximately RMB1.6 billion. Zhongmeijing will acquire 40 million shares of Sapphire Technology's common stock at a price of RMB 40 per share. Global wafer capital amounted to 1.8 billion yuan, with an asset value of 6.93 billion yuan. Zhongmeijing obtained 180 million shares of global wafer common stock at a price of 38.5 yuan per share.

After the division of Sino-US crystal, the parent company only retained the solar energy business, and Sino-US crystal has become the first company in Taiwan to split its business group in the solar industry consolidation trend.

In addition, Zhongmeijing also announced the 2010 surplus distribution case, with a dividend of RMB 5 per share and a stock dividend of RMB 0.5 per share, totaling a dividend of 5.5 yuan. The performance of the two new companies in the future will still be included in the parent company's consolidated revenue, and the goal of Sino-US Crystal's “doubled every three years” remains unchanged.

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