Shengmei Semiconductor (Shanghai) listed on the Science and Technology Innovation Board

　　On November 18th, Shengmei Semiconductor Equipment (Shanghai) Co., Ltd. (referred to as "Shengmei Shanghai", 688082. SH), a leading domestic semiconductor equipment enterprise in which the company participated in investment, was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, becoming the first technology company to achieve simultaneous listing on NASDAQ and the Science and Technology Innovation Board. The Taihu Growth Fund, a subsidiary of the company, participated in the equity investment of Shengmei Shanghai in July 2019, helping it complete its shareholding reform and cooperating with the implementation of the equipment research and development and manufacturing center project, providing strong support for the company to deeply cultivate the domestic semiconductor market and smoothly land on the Science and Technology Innovation Board.

　　Shengmei Shanghai was founded in 2005 and is headquartered in Shanghai. It mainly engages in the research and development, production, and sales of semiconductor specialized equipment, and its products have been recognized by many mainstream semiconductor manufacturers at home and abroad. In the future, Shengmei Shanghai will focus on differentiated independent innovation and research and development, continuously enhance its comprehensive competitiveness, and strive to become a leading enterprise in the comprehensive international integrated circuit equipment industry.