[SMM Tin News Flash: Hoshine Silicon Industry: Plans to Sell 100% Equity of Zhongchuang Zhixin for 479 Million Yuan]

Published: Apr 14, 2026 09:00

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Hoshine Silicon Industry announced that, to focus on its core business and optimize its industrial structure, its controlling subsidiary Alpha Semiconductor planned to transfer 100% equity of Zhongchuang Zhixin to Lanxing Electronics and Qianyu Microelectronics for 479 million yuan, with Lanxing Electronics acquiring 70% and Qianyu Microelectronics acquiring 30%. This transaction constituted a related-party transaction but did not constitute a major asset restructuring. On April 10, 2026, the board of directors reviewed and approved the proposal, which did not require submission to the shareholders' meeting for deliberation. Upon completion of the transaction, Zhongchuang Zhixin will no longer be included in the scope of the company's consolidated financial statements.

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