Ferrotec : Notice of the Receipt of a Notification Concerning the Final Approval for the Listing of a Chinese Subsidiary on the ChiNext Market of the Shenzhen Stock Exchange picture_as

News Release: Ferrotec Holdings Corporation (6890 TSE Standard)

November 17, 2022

Notice of the Receipt of a Notification Concerning the Final Approval for the Listing of a

Chinese Subsidiary on the ChiNext Market of the Shenzhen Stock Exchange

Ferrotec Holdings Corporation (Representative Director: He Xian Han; hereinafter "the Company") announces that we have received a notification to the effect that our consolidated subsidiary Ferrotec (Anhui) Technology Co., Ltd. (hereinafter "FTSVA"), which is in the process of applying to be listed on the ChiNext Market (hereinafter "ChiNext") of the Shenzhen Stock Exchange, obtained final approval for that listing on November 16.

FTSVA will now undertake the specific procedures to be listed on ChiNext.

1. Overview of the subsidiary to be listed as of September 30, 2022

(1)	Name	Ferrotec (Anhui) Technology Co., Ltd. (FTSVA)
(2)	Address	18 NanHai Road, YiAn Economic Development Zone, Tongling City, Anhui
Province, China
(3)	Title and name of	He Xian Han, Representative Director
representative
(4)	Contents of business	High purity process tool parts cleaning service for semiconductors and FPDs
(5)	Capital	253,790,000 yuan
(6)	Date of establishment	December 26, 2017
(7)	Major shareholders and	Shanghai Shenhe Investment Co., Ltd. (consolidated subsidiary of the
shareholding ratio	Company): 66.98%
		Capital		FTSVA is a second-tier subsidiary, 66.98% of whose shares
			are held by Shanghai Shenhe Investment Co., Ltd., which is
		relationship
			wholly owned by the Company.
	Relationship between
(8)	Personnel		Representative Director of the Company concurrently serves
FTSVA and the company
	relationship		as the director of FTSVA.
		Business		None applicable
		relationship
2. Schedule for listing
(1)	Listing review pass date	May 6, 2022
	Notification receipt date of
(2)	new stock offering	November 16, 2022
	registration approval
(3)	ChiNext listing schedule	December 2022 to January 2023

3. Impact on the business results in this term

The impact of this matter on the Company's business results in this term is still uncertain, as it depends on factors, such

as the price setting of shares of FTSVA in ChiNext. We will promptly disclose relevant items as soon as they are confirmed.

This document is a release for public announcement in relation to preparations to list our subsidiary called Ferrotec (Anhui) Technology Co., Ltd. on ChiNext. We did not prepare this document to solicit any kind of investment or for any similar activities. In addition, no part of this document should form or be relied on as the basis of contracts, promises or investment decisions relating to China, Japan, the United States and other regions. Accordingly, this document does not constitute or intend to be an offer for or a solicitation to acquire stocks or securities in any jurisdiction including the United States. It is not possible to offer and sell securities without registration or exemption from registration in the United States. The purchase of securities through public offering should be done based only on information included in the final offering memorandum or prospectus relating to those securities. The subsidiaries of the Company do not intend to make a public offering of securities in the United States at the present time.