Juhua Co., Ltd. has jointly established Zhongjuxin Technology with the Big Fund to develop the electronic chemical materials industry.

To adapt to the industry characteristics of the electronic chemical materials sector—such as high technological and market barriers, intense industry concentration, and low degree of domestic production—Zhejiang Juhua Co., Ltd. plans to advance mixed-ownership reform, accelerate the introduction of influential strategic investors and advanced technologies from both domestic and international sources, as well as outstanding talent teams, in order to pool development resources, promote the localization of electronic chemical materials products, and facilitate a leapfrog development in this industry. Seizing the favorable opportunities presented by the rapid growth of China’s integrated circuit industry and the accelerating shift of global manufacturing capacity to China, and guided by the principles of “openness and sharing,” Zhejiang Juhua Co., Ltd. intends to jointly establish Zhongju Xin Technology with the National Integrated Circuit Industry Investment Fund Co., Ltd. (referred to as the “Big Fund”), Shenzhen Yuanzhi Fuhai No. 11 Investment Enterprise, Yingchuan Industrial Fund Management Co., Ltd. of Kecheng District, Quzhou City, Xiamen Shengxin Materials Industry Investment Fund Partnership, and Shanghai Juyuan Juxin Integrated Circuit Industry Equity Investment Fund Center. Zhongju Xin Technology will have a registered capital of 1 billion yuan, of which Juhua Co., Ltd. plans to contribute 390 million yuan in cash, holding a 39% stake.

Zhongjuxin Technology will undertake R&D and industrialization of electronic chemical materials projects, and will integrate valuable domestic and international enterprises in the electronic chemical materials industry. As of June 30, 2024, if Zhongjuxin Technology has not yet completed its listing on a stock exchange, the five shareholders other than Juhua Shares may, at any time, propose to Juhua Shares the transfer of some or all of their equity holdings in the company.

Basic Information on Fuzhong Juxin Technology:

1. Company Name: Zhongjuxin Technology Co., Ltd.
2. Registered address: Quzhou City, Zhejiang Province (detailed address to be determined)
3. Corporate Structure: The company is a limited liability company. Shareholders bear limited liability for the company’s debts to the extent of their subscribed capital contributions, and they share in the company’s profits while also bearing their proportionate share of risks and losses. The company, in turn, assumes responsibility for its debts with all of its assets.
4. Registered capital: RMB 100,000 ten thousand yuan (in words: One billion yuan exactly)
5. Business term: 20 years
6. The company’s business philosophy and objectives: Through the company’s organizational structure, to develop, invest in, construct, operate, and manage electronic chemical materials and related industries; to enhance the company’s management and operational capabilities; to maximize both the company’s economic and social benefits; and to deliver satisfactory financial returns to all shareholders.
7. Business Scope of the Company: Development, production, and sale of electronic chemical materials and related supporting products, as well as chemical products and raw materials (for projects that require approval by law, business activities may only be carried out after obtaining approval from the relevant authorities); development of electronic chemical materials and related technologies, and transfer of such technologies; operation of hazardous chemicals (specific product names are detailed in the “License for Operation of Hazardous Chemicals”; the final registration with the Administration for Market Regulation shall prevail). Any necessary changes may be made upon resolution passed by the shareholders’ meeting.
8. Investor(s), amount of capital contribution, method of contribution, and proportion of contribution (omitted)
9. Development Model: Endogenous development—investing in or acquiring existing electronic chemical materials industries, leveraging the industrial base advantages of Juhua Co., Ltd. as well as the resource and channel strengths of various shareholders. By attracting top-notch technology teams from both domestic and international sources, we will carry out R&D and industrialization of electronic chemical materials projects. Mergers and acquisitions coupled with restructuring—based on industry development plans, combined with industry trend developments and downstream customer needs, we will integrate valuable electronic chemical materials companies both domestically and internationally.

Key words: