Wang Fuxiang agreed to acquire additional 8.51% stake in Shanghai Sinyang Semiconductor Materials Co., Ltd. (SZSE:300236) from Sin Yang Industries & Trading Pte Ltd for approximately CNY 850 million on September 1, 2022. Post acquisition, Wang Fuxiang directly held 45,032,070 shares of the Shanghai Sinyang, accounting for 14.45% of the Shanghai Sinyang.

Wang Fuxiang completed the acquisition of additional 8.51% stake in Shanghai Sinyang Semiconductor Materials Co., Ltd. (SZSE:300236) from Sin Yang Industries & Trading Pte Ltd on October 18, 2022.