Xianddao Semiconductor Plans Non-Public Offering Not Exceeding 3.51 Billion Yuan for Four Industrialization Projects

Shanghai Securities News China Securities Journal News: On March 21, Lead Intelligent Electric disclosed a plan for issuing A-shares to specific targets in 2026. The company intends to raise no more than 3.51 billion yuan from its controlling shareholder and related parties, Lead Technology Group Co., Ltd., to fund four industrialization projects in the fields of semiconductors, new materials, and scientific instruments.

The purpose of this issuance is to strengthen the development foundation of the main business, enhance long-term competitiveness, and further deepen strategic transformation. The targeted issuance aims to raise no more than 3.51 billion yuan, with all funds to be used for four industrialization projects related to the company’s business after deducting issuance costs. After the issuance, the company’s capital structure will be significantly optimized, and the asset-liability ratio will be further reduced, providing solid financial support for major project implementation and business expansion.

It is noteworthy that the target of the issuance is Lead Technology Group Co., Ltd. (“Lead Technology”), controlled by the company’s actual controller, Mr. Zhu Shihui. After the issuance, Lead Technology and its concerted action partner, Lead Hui Xin (Shanghai) Technology Investment Co., Ltd., will hold a total of 39.57% of the shares, up from the current 24.27%, further consolidating the company’s control. Lead Technology has committed that the shares subscribed in this offering will not be transferred within 36 months from the end of the issuance, fully demonstrating the controlling shareholder’s recognition of the company’s long-term value and strategic confidence.

According to the announcement, the projects funded by this private placement focus on key links in the semiconductor industry chain, covering areas such as semiconductor optical components, precision parts and subsystems, high-end scientific instruments, and materials business upgrades and transformations.

Among them, the semiconductor optical components R&D and industrialization project will focus on breakthroughs in high-end optical components and special light sources such as ultra-high-pressure mercury lamps and short-arc xenon lamps, providing technical support for domestic advanced integrated circuit manufacturing systems; the semiconductor precision parts and subsystems R&D and industrialization project will focus on core subsystems such as reaction chamber modules, deposition modules, and transmission modules, promoting the localization of semiconductor equipment parts; the high-end measurement equipment and life sciences instruments R&D and industrialization project will develop high-end scientific instruments such as mass spectrometry, chromatography, spectroscopy systems, and high-performance microscopes, seizing the domestic development window; the bismuth material business upgrade and transformation project will focus on high-end bismuth compounds such as scintillation crystal-grade ultra-high-purity bismuth oxide, expanding downstream applications in semiconductors, new energy, and pharmaceuticals.

These project layouts closely align with policy guidance and market demand for independent control of the semiconductor industry and domestication of high-end scientific instruments. As the funded projects are gradually implemented, they are expected to become important support for the company’s future performance growth.

Lead Technology Group will participate in the private placement using its own or self-raised funds. This not only provides financial support to the listed company and optimizes its capital structure but also leverages its industrial resources and technological capabilities in raw material supply, R&D, and customer resources to support the company’s technological breakthroughs and market expansion in semiconductor components and new materials.

The company stated that this private placement is a key move at the intersection of industry opportunities and its own transformation needs. It will strictly follow the plan requirements to ensure smooth and efficient implementation of the projects, accelerate the realization of project benefits, and promote the rapid launch of production. Meanwhile, the company will continue to focus on core technology R&D, optimize business layout, strengthen industry chain collaboration, and continuously enhance core competitiveness. It will also earnestly safeguard the legitimate rights and interests of all investors and strive to achieve the common growth of company value and investor interests. (Lu Yishi)

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