Shanghai Fudan, Fudan University and Guosheng Investment Set Up Integrated Circuit Innovation Centre; RMB20.00 million Start-up Fee and Funding Cap of RMB1.00 billion

Shanghai Fudan Microelectronics Group Company Limited (Shanghai Fudan) signed a Cooperation Agreement on 11 May 2026 with Fudan University and Shanghai Guosheng Group Investment to jointly establish the Fudan University Integrated Circuit Engineering Technology Convergence Innovation Centre.

The Centre, to be housed within Fudan University’s School of Microelectronics, will operate as a non-independent entity focused on high-end FPGA, intelligent computing and next-generation memory R&D. An initial RMB20.00 million start-up fee, payable within 30 days of the agreement taking effect, will cover recruitment, research-platform construction, premises and related one-off expenses. Over the five-year cooperation term, Shanghai Fudan may inject up to RMB1.00 billion—including the start-up fee—for project-specific Technology Development Agreements.

Governance will include a five-member management committee and a five-member project committee. The Centre plans to build a research and engineering team of no fewer than 300 members, supported by 3–5 strategic external hires. Intellectual property generated before the collaboration remains with the original owners; jointly created IP will be co-owned, with Shanghai Fudan holding exclusive commercialisation rights.

Regulatory classification: Fudan University, owning 12.96% of Shanghai Fudan through a wholly owned subsidiary, is a connected person under Hong Kong Listing Rules. The RMB20.00 million start-up fee triggers a connected transaction, requiring announcement and annual review but exempt from circular and independent shareholder approval in Hong Kong (percentage ratios >0.1% but <5%). Under the Shanghai STAR Market rules, the combined start-up fee and potential R&D funding exceed 1% of audited total assets and RMB30.00 million, necessitating shareholder approval at an upcoming extraordinary general meeting; related parties will abstain from voting.

The Board, excluding interested directors who abstained, considers the terms fair, reasonable and aligned with the company’s ordinary course of business.