Advanced Micro-Fabrication Equipment Inc. China Chairman Plans Share Reduction for Tax Procedures Following Restoration of Chinese Citizenship

A recent share reduction announcement from Advanced Micro-Fabrication Equipment Inc. China (AMEC) has captured market attention. The announcement indicates that the company received a "Letter of Intent for Share Reduction" from its Chairman and General Manager, Yin Zhiyao, who plans to reduce his shareholding by no more than 290,000 shares, representing 0.046% of the company's total share capital. The announcement clarifies that the reason for Yin Zhiyao's share reduction is that he has restored his citizenship from foreign to Chinese and needs to handle the relevant tax procedures in accordance with the law. As of the date of the announcement, Yin Zhiyao directly holds approximately 4.1594 million shares of the company, accounting for 0.664% of the total shares. Public information shows that Yin Zhiyao has been deeply involved in the semiconductor chip and equipment industry for over 30 years and is one of the key promoters of the development and industrialization of international plasma etching technology. Regarding his career history, from 1984 to 1986, Yin Zhiyao worked in Intel's Central Technology Development Department as a Process Engineer; from 1986 to 1991, he was employed at Lam Research, serving successively as Senior R&D Engineer and Senior R&D Manager; from 1991 to 2004, he worked at Applied Materials, holding positions including Chief Technology Officer of the Plasma Etch Product Business Group, Corporate Vice President and General Manager of the Plasma Etch Business Group, and Chief Technology Officer of the Asia Pacific Region; since 2004, he has served as Chairman, General Manager, and core technical personnel of AMEC. Over the years, AMEC has continued to deepen its core business, with its operating performance climbing steadily. In the first three quarters of 2025, AMEC maintained strong development momentum, achieving operating revenue of 8.063 billion yuan, a year-on-year increase of 46.40%; net profit attributable to shareholders of the listed company was 1.211 billion yuan, a year-on-year increase of 32.66%.