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Huaxi Industry: Subsidiary intends to sign an SOI-related licensing agreement with SOITEC S.A.
People’s Financial News, March 13 — Shanghai Silicon Industry (688126) announced on March 13 that to develop the SOI business and promote the application of related products in the Chinese market, the company’s controlling subsidiary, Shanghai Xin’ao Technology Co., Ltd. (referred to as “Xin’ao Technology”), and Shanghai Xin’ao Xin’yi Technology Co., Ltd. (referred to as “Xin’ao Xin’yi”) plan to sign a licensing agreement with the related party SOITEC S.A. This agreement is based on the existing licensing and business cooperation, with SOITEC S.A. continuing to grant licenses related to SOI to Xin’ao Technology and Xin’ao Xin’yi. The total amount of this licensing agreement is expected to exceed 30 million yuan and account for more than 1% of the company’s latest audited total assets.