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SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION

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Semiconductor Manufacturing Int'l : Announcements and Notices - Establishment of an Investment Fund

02/28/2014 | 07:56am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION

中 芯 國 際集 成 電 路 製 造 有 限 公 司 *

(incorporated in the Cayman Islands with limited liability) (Stock Code: 981)

ESTABLISHMENT OF AN INVESTMENT FUND

This announcement is made by Semiconductor Manufacturing International Corporation (the "Company") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
On 27 February 2014, Semiconductor Manufacturing International (Shanghai) Corporation
("SMIC Shanghai"), a wholly-owned subsidiary of the Company, established a wholly-owned investment fund company in Shanghai - 中芯晶圓股權投資(上海)有限公司 (China IC Capital
Co., Ltd) (the "Fund"). The operating period of the Fund will be 15 years from the date of the issuance of the business license. The Fund will be operated and managed by an equity
investment management company 中芯聚源股權投資管理 (上海)有限公司 (China Fortune-
Tech Capital Co., Ltd) ("China Fortune-Tech") established by SMIC Shanghai and an
independent third party on 27 February 2014.
The Fund was established with an aim to share the results of the rapid development of integrated circuits related industries and thereby maximize the shareholder's interests by investing in the integrated circuits related enterprises on the basis of strict risk control. The initial investment of the Fund is RMB500 million, all funded by SMIC Shanghai. The Fund invests primarily in integrated circuits related fund products and investment projects; the rest of the Fund will be invested in other strategic emerging industries (such as energy saving and environmental protection, information technology and new energy, etc.) and some traditional industries.
The initial registered capital of China Fortune-Tech is RMB6 million which is contributed in cash as to 75% and 25% by SMIC Shanghai and 豐惠控股集團有限公司 (Finehome Holding
Group Co., Ltd.) ("Finehome"), respectively. Finehome, headquartered in Shanghai, is mainly engaged in real estate development, building construction and investment management business. China Fortune-Tech will introduce new shareholders and increase its registered capital during this year. It is expected that SMIC Shanghai's shareholdings in China Fortune- Tech will be lowered to less than 50%.

-1-

Semiconductor Manufacturing International Corporation Dr. Tzu-Yin Chiu

Chief Executive Officer and Executive Director

Shanghai, 28 February 2014

As at the date of this announcement, the directors of the Company are:

Executive Directors

Zhang Wenyi (Chairman)

Tzu-Yin Chiu (Chief Executive Officer) Gao Yonggang (Chief Financial Officer)

Non-executive Directors

Chen Shanzhi (Li Yonghua as his Alternate)

Lawrence Juen-Yee Lau (Datong Chen as his Alternate) Zhou Jie

Independent Non-executive Directors

William Tudor Brown

Sean Maloney Frank Meng Lip-Bu Tan

* For identification purposes only

-2-

distributed by

ę Publicnow 2014
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Financials (USD)
Sales 2021 5 168 M - -
Net income 2021 1 281 M - -
Net cash 2021 2 332 M - -
P/E ratio 2021 17,5x
Yield 2021 -
Capitalization 22 283 M 22 284 M -
EV / Sales 2021 3,86x
EV / Sales 2022 3,48x
Nbr of Employees 17 354
Free-Float 72,2%
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Semiconductor Manufacturing International Corporation Technical Analysis Chart | 981 | KYG8020E1199 | MarketScreener
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Number of Analysts 23
Last Close Price 2,82 $
Average target price 3,86 $
Spread / Average Target 37,0%
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Managers and Directors
Hai Jun Zhao Co-Chief Executive Officer & Executive Director
Meng Song Liang Co-Chief Executive Officer & Executive Director
Yong Gang Gao Chairman, CFO, Secretary & Executive VP
Mei Sheng Zhou Executive VP-Technology Research & Development
Xin Zhang Senior Vice President-Operations & Engineering
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