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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%.
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:
Zhang Wenyi (Chairman)
Tzu-Yin Chiu (Chief Executive Officer) Gao Yonggang (Chief Financial Officer)
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