Piotech Inc. Plans 2.5 Billion Yuan Acquisition of Stakes in Wuxi Shangji and Two Other Companies

Piotech Inc. (688072.SH) has announced that it intends to acquire shares through a combination of issuing shares and paying cash to 34 counterparties including Wang Shikuan, Xia Xiaojun, and Wuxi Xinju, to purchase their combined 82.97% stake in Wuxi Shangji, 100% equity in Shanghai Taina Micro, and 100% equity in Wuxi Kuanxing, while also raising matching funds.

The total transaction price amounts to 2.5 billion yuan.

Upon completion of this transaction, the company will directly and indirectly hold 100% of Wuxi Shangji's shares.

The company and Wuxi Shangji both belong to the semiconductor equipment sector, with highly complementary product lines and excellent prospects for synergistic development.

In the thin film deposition field, the company has deeply cultivated the thin film deposition equipment industry for many years, forming mature product lines in multiple core categories such as PECVD, ALD, and Gap-Fill CVD, and has established a solid market reputation and leading market position; Wuxi Shangji and its core team have long focused on PVD equipment research and innovation, being a well-known enterprise in the domestic PVD equipment sector with mature mass-production models and core process technologies.

Through this transaction, the company will quickly obtain mature and reliable PVD processes and technologies, complete its core product matrix in the thin film deposition equipment field, and enhance its coverage of mainstream thin film deposition processes.

This transaction is a strategic move by the company to focus on its main business and continuously extend and expand around its core semiconductor equipment operations.

The downstream application scenarios of the company and Wuxi Shangji are cross-complementary, enabling them to meet the one-stop procurement and joint process development needs of customers across multiple fields, effectively enhancing customer stickiness and broadening market coverage.

Beyond product-level synergies, the two parties can also achieve positive synergies in sales, supply chain, research and development, and other areas, effectively boosting the company's core competitiveness.