ACM Research's Operating Subsidiary ACM Research (Shanghai) Announces Issuance Report on Private Offering of Ordinary Shares
1. ACM Shanghai raised RMB 4.5 billion through a private share offering. 2. The funds will support R&D, capital expenditures, and working capital needs. 3. ACM's equity in ACM Shanghai will decrease to approximately 74.5%. 4. 17 qualified investors participated, all funding in cash. 5. Shares are subject to a six-month lock-up period before trading.