SMIC sold the entire equity of its subsidiary SMIC Changjiang.

On April 23, SMIC announced that it intends to transfer all the equity interests of its holding subsidiary SJ Semiconductor CorporaTIon (hereinafter referred to as "SMIC"), accounting for approximately 55.87% of the total issued share capital of the target company; The total transaction consideration was approximately US$397 million, and transaction proceeds of approximately US$231 million (unaudited) were recorded.

Six buyers of SMIC and Silver Starry, Integrated Victory, CICC Win-Win, Qilu (Xiamen), CICC SAIC Emerging Industry Fund, Suzhou Yuanhe Houwang and Suzhou Puhua Chuangyu (hereinafter collectively referred to as "the buyers") Enter into a share transfer agreement. The transfer prices were 170 million U.S. dollars, 30 million U.S. dollars, 38.175 million U.S. dollars, 31.3 million U.S. dollars, 30.525 million U.S. dollars, 50 million U.S. dollars, and 47.083 million U.S. dollars.

It is understood that SMIC was established in August 2014 with a registered capital of 399.5 million US dollars. It is an exempted limited company incorporated in the Cayman Islands. As of the date of this announcement, the company, the National Integrated Circuit Fund, and the Changjiang Electric Technology and Qualcomm have 55.87%, 29.31%, 8.62% and 5.86% equity interests, and the remaining 0.34% equity is jointly held by multiple employees of SMIC.

SMIC’s Jiangyin base is China’s first 12-inch mid-segment wafer processing company, focusing on 12-inch bumps and advanced wafer-level packaging; Shanghai base provides 8-inch mid-segment bumps and wafer-level packaging, and it is also China The earliest 8-inch middle-segment silicon wafer processing company. At the same time, the company has test plants in Jiangyin and Shanghai, which can provide test program development, probe card production, wafer testing, failure analysis and failure testing services.

It is reported that according to International Financial Reporting Standards, the SMIC Group’s net profit before and after tax (audited) for the fiscal year ended December 31, 2019 was approximately US$1.8 million, as of December 31, 2020. The net profit (audited) before and after tax for the fiscal year ending on the date was approximately US$8.1 million.

As of December 31, 2020, SMIC's total assets, total liabilities and net assets were approximately US$477.6 million, US$187.1 million and US$290.5 million, respectively.