Shanghai Xinyang Investment has established a wholly-owned subsidiary in South Korea with an investment of 2 million U.S. dollars.

On the evening of August 2, Shanghai Xinyang issued an announcement stating that, in order to continuously expand its business scope and broaden the application areas of its products, the company is seeking to make in-depth inroads into the panel display market. At the same time, this move will lay a solid foundation for the company’s development of high-end photoresists used in integrated circuit manufacturing. Accordingly, the company plans to establish a wholly-owned subsidiary in South Korea using its own funds to engage in the development of black photoresists for panel displays. The subsidiary’s provisional name is Xinyang (Korea) Semiconductor Materials Co., Ltd. (the final name will be subject to actual industrial and commercial registration), with a registered capital of US$2 million. The company stated that the establishment of this subsidiary will help it further enhance its capabilities in various aspects, including market presence, technology, products, services, and talent acquisition.

On the evening of August 2, Shanghai Xinyang issued an announcement stating that, in order to continuously expand its business scope and product application areas and pursue deeper development into the panel display market, the company plans to establish a wholly-owned subsidiary in South Korea using its own funds. This move will lay the foundation for the company’s development of high-end photoresists used in integrated circuit manufacturing. The subsidiary’s provisional name is Xinyang (Korea) Semiconductor Materials Co., Ltd. (the final name will be subject to actual industrial and commercial registration), with a registered capital of US$2 million.

The company stated that its establishment will help the company enhance its capabilities in various areas—including market presence, technology, products, services, and talent—and achieve complementary advantages both domestically and internationally. This will have a positive impact on broadening the company’s business channels and strengthening its overall competitiveness. The project will enable the company to become stronger, larger, and achieve long-term development, aligning with the company’s strategic development plan and serving the fundamental interests of the company and all its shareholders.

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