Guoke Microelectronics intends to procure a 94.366% equity interest in SMIC Ningbo via a combination of share issuance and cash transactions. SMIC Ningbo specializes in wafer foundry services and packaging testing, particularly in the domains of RF front-ends, MEMS, and high-voltage analog devices. Upon the completion of this acquisition, Guoke Microelectronics will emerge as the majority shareholder of SMIC Ningbo, while SMIC Holdings, a wholly-owned subsidiary of SMIC International, will cease to hold any shares in SMIC Ningbo.