On April 24, the Shanghai Stock Exchange (SSE) formally greenlit the application from Advanced Micro-Fabrication Equipment Inc. China (AMEC) (688012.SH). This application sought approval for issuing shares and paying cash to acquire assets, while simultaneously raising matching funds. This move signifies the asset restructuring’s entry into the review phase. Should the review proceed without a hitch, this project is poised to become the inaugural case on the Science and Technology Innovation Board (STAR Market) to implement the 'Simplified Review Procedure for Restructuring.'

In line with the SSE’s revised regulations in May 2025, restructuring transactions that satisfy specific criteria are eligible for the simplified review procedure. This approach emphasizes 'speed' and 'efficiency.' Under this streamlined process, the exchange will, in principle, acknowledge the application within 2 working days and render review opinions within 5 working days post-acceptance. Furthermore, there’s no requirement to present it for discussion by the M&A Restructuring Committee. Additionally, the registration procedure with the China Securities Regulatory Commission (CSRC) is also expedited, taking only 5 working days.

AMEC, a company with a market capitalization surpassing RMB 100 billion and an 'A' rating for information disclosure evaluation over the past two years, fulfills the necessary conditions. Earlier, China Shenhua Energy, a company listed on the SSE’s main board, pioneered the disclosure of a restructuring draft aimed at utilizing the simplified review procedure.

As a frontrunner in the semiconductor equipment sector on the STAR Market, AMEC’s acquisition of Hangzhou Zhonggui will empower it to offer all-encompassing 'dry + wet' process solutions. The simplified review procedure cuts down on the transaction’s time expenditure, aiding the company in capitalizing on industry prospects.