ACM Research’s Operating Subsidiary ACM Research (Shanghai) Provides Updated IPO Prospectus and IPO Timetable

FREMONT, Calif., Nov. 01, 2021 (GLOBE NEWSWIRE) — ACM Analysis, Inc. (“ACM”) (NASDAQ:ACMR), a number one provider of wafer cleansing applied sciences for superior semiconductor gadgets, at this time is offering an replace on the standing of the proposed preliminary public providing (“IPO”) and itemizing of shares of ACM’s working subsidiary ACM Analysis (Shanghai), Inc. (“ACM Shanghai”) on the Shanghai Inventory Alternate’s Sci-Tech innovAtion boaRd (the “STAR Market”).

The Shanghai Inventory Alternate has revealed ACM Shanghai’s up to date IPO prospectus and timetable on its web site at SSE Link.

In response to the up to date IPO prospectus and timetable, ACM Shanghai intends to situation 43,355,753 shares representing 10% of the full of 433,557,100 ACM Shanghai shares that can be excellent after the IPO. The preliminary pricing inquiry of the IPO is anticipated to be carried out on November 3, 2021 (China time). The providing announcement is anticipated to be revealed on November 5, 2021. The subscription of the IPO is anticipated to be made on November 8, 2021, and the funds for subscription are anticipated to be made on November 10, 2021. The ACM Shanghai inventory is tentatively anticipated to start buying and selling on the STAR Market below the inventory quantity 688082 on November 18, 2021.

The up to date IPO prospectus consists of audited monetary outcomes for ACM Shanghai for the six months ended June 30, 2021, decided in accordance with the Accounting Requirements for Enterprise Enterprises below Chinese language usually accepted accounting ideas (“Chinese language GAAP”), as follows:

  • Income of ACM Shanghai below Chinese language GAAP for the six months ended June 30, 2021 was RMB 625.3 million as in comparison with RMB 355.6 million for the six months ended June 30, 2020.
  • Internet revenue attributable to the shareholders of ACM Shanghai below Chinese language GAAP for the six months ended June 30, 2021 was RMB 89.7 million, as in comparison with RMB 37.6 million for the six months ended June 30, 2020.

ACM’s President and Chief Govt Officer Dr. David Wang commented, “We’re excited that ACM Shanghai expects to be listed quickly on the STAR Market. This could mark a significant milestone for ACM. We stay assured that the STAR Market itemizing, mixed with the itemizing of ACM’s Class A standard inventory on the Nasdaq International Market, can speed up our mission to change into a world participant within the semiconductor gear business.”

About ACM Analysis, Inc.

ACM develops, manufactures, and sells semiconductor course of gear for single-wafer or batch moist cleansing, electroplating, stress-free sprucing and thermal processes which might be crucial to superior semiconductor machine manufacturing, in addition to wafer-level packaging. The corporate is dedicated to delivering personalized, excessive efficiency, cost-effective course of options that semiconductor producers can use in quite a few manufacturing steps to enhance productiveness and product yield.

Ahead-Trying Statements

The statements within the second paragraph of this press launch with respect to ACM Shanghai’s completion and timing of the IPO and the shares to be issued by ACM Shanghai are usually not historic info and represent forward-looking statements inside the which means of the Non-public Securities Litigation Reform Act of 1995. These statements, that are expectations solely, mirror administration’s present views, are based mostly on sure assumptions, and contain dangers and uncertainties. ACM Shanghai could not be capable to full its IPO and itemizing inside the anticipated timeframe, if in any respect, for plenty of causes, a lot of that are exterior ACM Shanghai’s management. Amongst different components, ACM Shanghai could also be delayed in conducting its preliminary pricing inquiry or may obtain sudden outcomes from the pricing inquiry for causes exterior of, or unknown to, ACM Shanghai. ACM undertakes no obligation to publicly replace these forward-looking statements to mirror occasions or circumstances that happen after the date hereof or to mirror any change in its expectations concerning these forward-looking statements or the incidence of unanticipated occasions.

© ACM Analysis, Inc. The ACM Analysis brand is a trademark of ACM Analysis, Inc. For comfort, this trademark seems on this press launch and not using a ™ image, however that apply doesn’t imply that ACM Analysis is not going to assert, to the fullest extent below relevant regulation, its rights to such trademark.

For investor and media inquiries, please contact:
  In america: The Blueshirt Group
    Ralph Fong
    +1 (415) 489-2195 
  In China: The Blueshirt Group Asia
    Gary Dvorchak, CFA
    +86 (138) 1079-1480 

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