On June 26th, GeLongHui reported that Sai Microelectronics Inc. (300456.SZ) announced that its wholly-owned subsidiary in Sweden, Silex Microsystems AB (referred to as "Swedish Silex"), plans to issue no more than 2,205,058 stock warrants to Silexpartners AB. The subscription price for the stock warrants is 9.95 SEK (Swedish Krona) per share, and the validity period of the stock warrants is from the effective date to December 31, 2031 with an exercise period from the date of registration of the issuance resolution at the Swedish company registration office to December 31, 2031.
The issuance of stock warrants by Swedish Silex this time is on one hand to establish and improve a long-term incentive mechanism, fully mobilize the enthusiasm and creativity of the management team and core technical personnel, stabilize and attract talents, effectively enhance the cohesion of the core team, which is conducive to Swedish Silex to continue to maintain its core competitive advantage in the field of pure MEMS foundry, actively seize the market opportunities of MEMS industry development, promote the sustained and favorable development of Swedish Silex on the basis of its existing advantages; on the other hand, the issuance objects subscribe for the warrants with cash, which will not increase the management fee of Swedish Silex within the validity period. It will not have a negative impact on the annual profits of Swedish Silex during the validity period. At the same time, it reflects the firm confidence of the management and core employees in the future development potential of Swedish Silex. The benign development of Swedish Silex will be conducive to the further development and expansion of the company's MEMS business scale, strengthen the company's competitive advantage in MEMS process development and wafer manufacturing, and ultimately develop into a well-known international leading enterprise in the semiconductor manufacturing industry.