SMI Semiconductor Manufacturing International Corp. Adr

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Shareholders and potential investors should n ote that t he completion of each of the Datang Pre-emptive S ubscri ption, the China IC Fund Pre- emptive Subscription, the Datang Further Subscription and the    China    IC Fund Further    Subscription is    subject to the e ntering i nto o f, and the fulfilment of t he conditions under, the r elevant subscription agreements. As the Datang Pre-emptive S ubs cription, the China IC Fund Pre-emptive Subscription, the Datang Further Subscription and the China IC Fund Further Subscription may o r m ay not proceed, Shareholders and potential investors are reminded t o e xercise c aution when dealing in the Shares.

 

 

PLACING OF NEW SHARES UNDER GENERAL MANDATE

 

Reference is m ade to t he Company’s announcements dated 29 N ovember 2017 and 6 December 2017 in relation to the c ompletion o f t he Placing, which took place on 6 December 2017. Pursuant to the t erms and c onditions of the P lacing Agreement, a total of 241,418,625 P lacing Shares, representing approximately 4 .92% of the issued s hare capital o f t he Company as enlarged by the issue of the P lacing Shares, were successfully placed by the Joint Placing A gents to not less than six (6) ind e pendent P lacees, who are third parties independent o f and not c onne cted with the Company and i ts connected person s , at t he Placing P rice.

 

ISSUE OF US$65 MILLION PERPETUAL SUBORDINATED CONVERTIBLE SECURITIES

 

Reference is m ade to t he Company’s annou ncements dated 29 N ovember 2017 and 14 December 2017 in relation to the c ompletion o f t he Placed PSCS Subscription Agreement, which took placed on 14 December 2017. Pursuant to the P laced P SCS Subscription A greement, each of the Joint Ma nagers has a greed to subscribe and pay f or, or to procure subscribers to subscribe and p ay for, the P laced PSCS to be issued by the Company in an aggregate p rincipal amount of US$65 million.

 

Based on the i nitial Conversion P rice of HK$12 .78 and assuming full conversion of the Placed PSCS at the i nitial Conversion Price, the P laced P SCS will be convertible i nto approximately 39,688,654 P laced Conversi on Shares, representing (i) a pproximately 0.85% of the issued s hare capital o f t he Company on 28 November 2017; (ii) approximately 0 .81%    of    the issued   s hare capital o f t he Company   as enlarged    by    the Placing Shares (assuming that there is no c hange i n t he issued share c apital of the Company, save for t he issue o f t he Placing Sha res); and (iii) app roximately 0 . 80 % o f t he issued share c apital of the Company as enlarged by the P lacing Shares and assuming the full conversion of the P laced P SCS at the i nitial Con versio n P rice (assuming that there is no change in the issued s hare capital o f t he Company, save f or the issue o f t he Placing Shares and Placed Conversion Shares). The P laced Conversion Shares will b e allotted and issued pursuant to t he General Mandate and will rank pari passu in all r espects w ith the Shares then i n issue on the r elevant c on version date. The issue of the P laced P SCS is not subject to t he approval of the S hareholders.

 

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An approval has b een g ranted by the S tock Exchange f or the listing of, and permission to deal in, t he Placed Conversion Shares. An appr oval in-principle has b een g ranted by the Singapore Exchange f or the listing and quotation of the P laced P SCS.

 

PRE-EMPTIVE RIGHTS OF DATANG

 

Reference is m ade to t he Company’s announc ement dated 10 November 2008 in relation to the Datang P urchase A greement, pursuant to which, i n case o f a ny issue o f n ew Shares or secu rit ies con v ert i b le i nto S ha res, subject to certain exceptions, Datang h as a p re- emptive r ight to subscribe f or (i) a pro rata portion of such new securities being issued equivalent to the p ercentage o f t he issued share c apital of the Company then owned b y Datang immediately prior to the issue of such securities, or (ii) s hould s uch issue of new Shares or securities convertible i nto Shares r esult i n a single investor or investor group acting in concert b eneficially o wning mo re Shares than Datang and its wholly-owned subsidiary, o ne Share more than the number o f Shares proposed to be beneficially owned by such prospective largest Shareholder o f t he Company, and the Company is required to notify Datang o f s uch proposed issue.

 

Datang’s pre-emptive r ight is applicable to the issue of the P lacing Shares and the P laced PSCS, t he China IC Fund Pre-emptive Subs cription and t he China IC Fund Further Subscription. Pursuant to t he Datang Purc hase Agreement and the L isting Rules, completion of any s uch issue o f t he Datang Subscription Securities to, and sub s cription of the Datang Subscription Securities b y, Datang upon exercise o f i ts pre-emptive r ight will be further subject to the r eceipt o f a ny required and regulatory approvals and the approval of the i ndependent Shareholders.

 

Any exercise b y Datang o f i ts pre-emptive r ig ht to subscri b e f or the Datang P re-e mpti ve Securities in connection with the issue o f t he Placing Shares and the P laced P SCS and t he China IC Fund Pre-emptive S ubscription will be at a p rice equivalent to the P lacing Price (in t he case of the Datang P re-emptive Shares) and/or the issue price o f t he Placed PSCS (in t he case of the Datang P re-emptive PSCS).

 

The Company has notified Datang i n accordan ce wi th the t erms of the Datang P urchase Agreement i n r espect of the issue of the P lacing Shares and the P laced PSCS, the China IC Fund Pre-emptive Subscription and t he China IC Fund Further Subscription. Pursuant to the Datang P urchase A greeme nt, Datang h as delivered a notice to t he Company that it will exercise its p re-emptive right i n relation to t he issue o f t he Placing Shares, the P laced PSCS, the China IC Fund Pr e-emptive Subscription and t he China IC Fund Further Subscription up to the amount it is entitled to under t he Datang Purchase Agreement b ased on terms and conditions that are s ubstantially t he same as the P lacing and t he issue o f t he Placed PSCS. Datang has a lso i ndicated to t he Company that it intends to subscribe f or the Datang Further PSCS, in addition to the Datang P re-emptive PSCS, b ased on terms and conditions that are s ubstantially the same a s t he issue o f t he Placed PSCS, for an aggregate p rincipal amount (for the Datang Further PSCS and t he Datang Pre-emptive P SCS) of US$200 million. The Company will make such further announcement(s) as is/are necessary under the L isting Rules i n relation thereto.

 

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PRE-EMPTIVE RIGHTS OF CHINA I C FUND

 

Reference is m ade to t he Company’s announcement dated 12 February 2015 in relation to the China IC Fund Purchase Agreement, pursuant to which, i n case o f a ny issue o f n ew Shares or securities convertible i nto Shares, subject to c ertain exceptions, China IC Fund has a pre-emptive r ight to subscribe f or a pro rata portion of such new securities b eing issued equivalent to t he percentage of the issued s hare capital o f t he Company then owned b y China IC Fund immediately prior to the issue of such securities, and the Company is required to notify China IC Fund of such proposed issue.

 

China IC Fund’s pre-emptive r ight is applicab le to the issue of the P lacing Shares and the Placed PSCS, the Datang P re-emptive Subscription and t he Datang Further Subscription. Pursuant to the China IC Fund Purcha se Agreement and the L isting Rules, completion of any s uch issue of the China IC Fund Subscripti on Securities to, and subscription of the China IC Fund Subscrip tion Securities by, China IC Fund upon exercise of its p re-emptive rig ht will b e f urther subject to t he receipt o f a ny required and regulatory approvals and the approval of the i ndependent Shareholders.

 

Any exercise b y China IC Fund of its p re-emptive right to subscribe for t he China IC Fund Pr e- empt ive Securities in conn ect ion w ith t he issue o f t he Placing Shares and the Placed PSCS and t he Datang Pre-emptive S ubscription will be at a p rice equivalent to t he Placing P rice (in t he case of the China IC Fund Pre-emptive Shares) and/or the issue price of the P laced PSCS (in t he case of the China IC Fund Pre-emptive P SCS).

 

The Company has notified China IC Fund in accordance with the t erms of the China IC Fund Pu rchase Agreemen t i n r espect of th e issue of the P lacing Shares and the P laced PSCS, t he Datang Pre-emptive Subscription and t he Datang Further Subscription. Pursuant to the China IC Fund Purchase Agreement, China IC Fund has d elivered a notice to t he Company that it will exercise its p re-emptive right i n r elatio n to t he issue o f the P lacing Shares, t he Placed PSCS, the Datang P re-emptive Subscription and t he Datang Further Subscription up to the amount it is entitled to under the China IC Fund Purchase Agreement b ased on terms and conditions that a re substantially t he same as the Placing and the issue of the P laced PSCS. China IC Fund has a lso i ndicated to t he Company that it intends to subscribe for t he China IC Fund Further PSCS, i n addition to the China IC Fund Pre-emptive P SCS, ba sed on t erms and c onditions that are substantially t he same as the issue of th e P laced PSCS, for an a ggregate p rincipal amount (for the China IC Fund Further P SCS and t he China IC Fund Pre-emptive PSCS) up to U S$300 million. T he Company will make such further a nnouncement(s) as is/are necessary under t he Listing R ules in relation thereto.

 

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PRE-EMPTIVE RIGHT O F COUNTRY HILL

 

Reference is m ade to t he Company’s announcement dated 18 April 2011 in relation to the Country H ill Subscription Agreement, pursuant to which, i n case o f a ny issue o f n ew Shares or securities convertible into Shares , subject to certain exceptions, Country Hill has a pre-emptive r ight to subscribe f or a pro rata portion of such new securities b eing issued equivalent to t he percentage of the issued s hare capital o f t he Company then owned b y Country Hill immediately prior to the issue of such securities, and the Company is required to notify Count ry Hill of such proposed issue.

 

Country H ill’s p re-emptive right is applicab le to the issue o f t he Placing Shares and the Placed PSCS, the Datang P re-emptive Subs cription, the Datang Further Subscription, the China IC Fund Pre-emptive S ubscription and t he China IC Fund Further Subscription. Pursuant to the Country Hill Su bscription Agreement, completion of any such issue o f t he Country Hill Pre-emptive Securities to, and subscription of the Country Hill Pre-emptive Securities b y, Country Hill upon exercise of its p re-emptive right will b e fu rther subject to the r eceipt o f an y r equired and regulatory approvals.

 

Any exercise b y Country Hill of its p re-emptive right to subscribe f or the Country Hill Pre-emptive Securities i n c onnection w ith t he issue o f t he Placing Shares and the P laced PSCS, t he Datang Pre-emptive S ubscription and t he China IC Fund Pre-emptive Subscription will b e at a price e quivalent to t he Placing P rice (in t he case of the Country Hill Pre-emptive Shares) and/or the issue price o f t he Placed PSCS (in t he case of the Country H ill P re-emptive PSCS).

 

The Company has notified Country Hill in a ccordance with the t erms of the Country Hill Subscription A greement in respect of the issue of the P lacing Shares and the P laced PSCS, t he Datang Pre-emptive S ubscription, the Datang Further Subscription, the China IC Fund Pre-emptive Subscription and t he China IC Fund Further S ubscription. As of the date o f t his announcement, being t he date after t he tenth business d ay following the date of the notice f rom t he Company, Count ry H ill has not r es ponded to suc h not ice . Pursuant to the Country Hill Subscription Agreement, Country H ill is d eemed to have elected not to exercise its p re-emptive righ t w ith r espect to the Country H ill P re-emptive Securities.

 

SHAREHOLDER’S LOCK-UP UNDERTAK INGS BY DATANG HK AND X INXIN H K

 

Each o f Datang HK and Xinxin HK had given a l ock-up undertaking i n relation to t he Shares h eld b y i t d irectly ( or through nomin ees) for a p e riod of 90 days to fa cilitate an orderly m arketing, distribution and trad ing o f t he Placing Shares and the P laced PSCS.

 

Each o f Datang HK and Xinxin HK had a lso given a l ock-up undertaking i n relation to th e Shares to b e issued to it (or i ts nominees) upon exercise o f p re-emptive right b y e ach of Datang (in t he case of Datang HK) and China IC Fund (in t he case of Xinxin HK) in connec tion w ith t he P lacing f or a p e r io d o f 90 d ays i n ord er to furt he r facilit ate an orderly m arketing, distribution and trading o f t he Placing Shares.

 

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LISTING RULES IMPLICATIONS

 

As each of Datang and China IC Fund is a s ubstantial shareholder o f t he Company and thus a c onnected person of the Company, t he Subs cription by Datang as indicated i n t his announcement and the s ubscription b y China IC Fund as indicated i n t his announcement (including any issue of Shares on conversi on of their r espective P SCS) will constitute connected transactions of the Company and will b e subject to independent Shareholders’ approval under t he Listing R ules. T he Compa ny will make such further a nnouncement(s) as necessary if a ny agreement(s) i s/are e ntered into by the Company with Datang or China IC Fund regarding t he above m atters.

 

UNITED STATES SECURITIES LAW MATTERS

 

The P lacing Shares, the P laced P SCS, t he Datang Subscription Securities and t he China IC Fund Subscription Securities h ave not b een and will not be registered under t he Securities Act and may not be offered or sol d i n t he United States or to US persons (as defined i n t he Securities Act) unless the securities a re registered under t he Securities Act, or an exemption f rom t he registration requi rements o f t he Securities Act is a vailable. There will b e no p ublic offering of the Pla cing Shares, the P laced P SCS, the Datang Subscription Securities and the China IC Fund Subscription Securities in the United States. T his announcement does not consti tute an offe r o f a ny sec uriti es for s al e.

 

GENERAL

 

Shareholders and potential investors should note that the completion of each of t he Datang Pre-emptive S ubscription, the C hina IC Fund Pr e-emptive S ubscription, the Datang Further Subscription and t he China IC F und Further S ubscription is subject t o t he entering into of, and the fulfilment of t he conditions under, th e r elevant subscription agreements. As the Datang Pre-emptive S ubscription, the C hina IC Fund Pre-emptive S ubscription, the Datang Further S ubscription and t he China IC F und Fu rther S ubscription may o r may not proceed, Shareholders and potential investors a re reminded to exercise caution when dealing in the Shares.

 

DEFINITIONS

 

In this announcement, the following expressions h ave the meanings s et out below unless the c ontext otherwise r equires:

 

‘‘ AD S(s)’’		Americ an de pos i ta ry shar es of the Company, e ach o f whic h represents 5 Shares;
‘‘Board’’		t he board o f D irectors;
‘‘ China IC Fund’ ’		( China Integrated Circuit Industry Investment Fund Co., Ltd.*), a company established under PRC laws;

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‘‘ China IC Fund Further P SCS’’		any perpetual subordinated c onver tible securities to be issued to China IC Fund, being additional to the China IC Fund Pre- emptive P SCS, with an aggregate p rincipal amount (including the China IC Fund Pre-emptive P SCS) up to US$300 million;
‘‘ China IC Fund Further Subscription’ ’		the potential subscription of the China IC Fund Further P SCS by China IC Fund;
‘‘ China IC Fund Pre- emptive P SCS’’		any perpetual subordinated c onver tible securities to be issued to China IC Fund pursuant to a ny exercise of its p re-emptive right under t he China IC Fund Purchase Agreement i n c onnection with the P laced PSCS Subscription Agreement a s will r esult i n China IC F und’s p ercentage s hareholding (on a fully c onverted basis) in the Company not being d iluted by the issue o f t he Placed PSCS and t he Datang Pre-emptive P SCS;
‘‘ China IC Fund Pre- emptive S ecuriti es’ ’		the China IC Fund Pre-emptive P SCS and the China IC Fund Pre-emptive Shares;
‘‘ China IC Fund Pre- emptive S hares’ ’		any Shares to b e issued to China IC Fund pursuant to a ny exercise of its p re-emptive right under the China IC Fund Purchase Agreement i n c onnection w ith t he Placing A greement as will result in China IC Fund’s p ercentage shareholding in the Company not being d iluted by th e issue o f t he Placing Shares and t he Datang Pre-emptive Shares;
‘‘ China IC Fund Pre- emptive Subscription’ ’		the potential subscription of the China IC Fund Pre-emptive Securities by China IC Fund pursuant to a ny exercise of pre- emptive r ight by China IC Fund under t he China IC Fund Purcha se Agreemen t;
‘‘ China IC Fund Purcha se Agreement’ ’		the s hare purchase a greement dated 12 February 2015 between the Company and China IC Fund, t he details o f which are s et out i n t he announcements published on 12 February 2015, 8 June 2015 and 8 June 2016 by the Company;
‘‘ China IC Fund Subscription Securities’ ’		the China IC Fund Pre-emptive S hares, the China IC Fund Pre- emptive P SCS and t he China IC Further P SCS;

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‘‘Company’’		Semiconductor Manufactu ring International Corporation , a company i ncorporated in the Cayman Islands w ith limited liability, the Shares o f which are listed on the m ain board of the S tock Exchange and the A DSs o f which a re listed on the N ew York Stock Exchange, Inc.;
‘‘ connected person(s) ’ ’		has t he meaning a scribed to i t under t he Listing R ules;
‘‘ Conversion P rice’’		the p rice at which Placed Conversion Shares will be issued upon conversion of the P SCS which will initially be HK$12.78 per Placed Conversion Share and will be subject to adjustment i n t he manner p rovided i n t he terms and conditions of the P SCS;
‘‘ Country Hill’’		Country Hill Limited, a wholly-owned subsidiary of Bridge Hill Investments Limited, which is a subsidiary controlled by China Investment  Corporation;
‘‘Country Hill Pre- emptive PSCS’’		any perpetual subordinated c onver tible securities to be issued to Country Hill pursuant to a ny exercise of its p re-emptive right under t he Country Hill Subscripti on Agreement i n c onnection with the P laced PSCS Subscription Agreement a s will r esult i n Country Hill’s percentage shar eholding (on a fully c onverted basis) in the Company not being d iluted by the issue o f t he Placed PSCS, the Datang P re-emptive PSCS and t he China IC Fund Pre-emptive P SCS;
‘‘ Country Hill Pre- emptive S ecuriti es’ ’		the Country Hill Pre-emptive P SCS and the Country H ill P re- emptiv e Shares;
‘‘ Country Hill Pre- emptive Shares’ ’		any S hares to b e issued to Country Hill pursuant to a ny exercise of its p re-emptive right under t he Country Hill Subscription Agreement i n c on nectio n w ith t he Placing A greement as will result in Country Hill’s percent age shareholding in the Company not b eing diluted b y t he issue o f t he Placing S hares, the Datang Pre-emptive Shares and the China IC Fund Pre-emptive Shares;
‘‘ Country Hill Subscription Agreement’ ’		the s hare subscription agreement dated 18 A pril 2011 between the Company and Country Hill, t he details of which were s et out in the announcements publishe d on 18 A pril 2011, 24 October 2013, 18 December 2013, 22 Au gust 2014, 12 February 2015, 12 June 2015 and 8 June 2016 b y t he Company;

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‘‘ Datang’ ’		Datang Telecom T echnology & Industry H oldings Co., Ltd., a company established under PRC laws;
‘‘ Datang HK’ ’		Datang H oldings ( Hongkong) I nvestment Company Limited, a company i ncorporated in Hong Kong and a wholly-owned subsidiary of Datang, which as at the date o f t his announcement is indicated b y Datang to hold t he Datang Subscription Securities;
‘‘ Datan g Furth e r PSCS’’		any perpetual subordinated c onver tible securities to be issued to Datang, b eing additional to th e Datang P re-emptive PSCS , w ith an aggregate p rincipal amount (including the Datang P re- emptive P SCS) of US$200 million;
‘‘ Datan g Furth e r Subscription’ ’		the potential subscription of the Datang Further PSCS by Datang;
‘‘ Datang    Pre-empt ive PSCS’’		any perpetual subordinated c onver tible securities to be issued to Datang pursuant to a ny exercise of its p re-emptive right under the Datang P urchase A greement i n c onnection w ith t he Placed PSCSSubscription Agreement a s will r esult i n D atang’s percentage shareholding (on a fully c onverted basis) in the Company not being d iluted by the issue o f t he Placed PSCS and the China IC Fund Pre-emptive P SCS;
‘‘ Datang    Pre-empt ive Securities’ ’		the Datan g P re-emptive PSCS and th e Datan g Pr e-emptive Shar es ;
‘‘ Data ng Pre- empt ive Shares’ ’		any S hares to b e issued to Datang pursuant to a ny exercise of its pre-emptive r ight under the Datang P urchase A greement in connection w ith t he Placing A gree ment as will result in Datang’s percentage shareholding in th e Company not b eing diluted b y the issue o f t he Placing Shares and the China IC Fund Pre- emptiv e Shares;
‘‘ Data ng Pre- empt ive Subscription’ ’		the potential subscription of th e Datang P re-emptive Securities by Datang pursuant to a ny exercise of pre-emptive r ight by Datang under t he Datang Purchase Agreement;

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‘‘ Datang Purchase Agreement’ ’		the s hare purchase agreement dated 6 November 2008 between the Company and Datang (as amended b y t he supplemental agreement dated 22 August 2014), the d etails of which were set out i n t he announcements publi shed on 10 November 2008, 16 August 2010, 6 M ay 2011, 24 October 2013, 18 D ecember 2013, 22 August 2014, 12 February 2015, 12 June 2015 and 8 June 2016 by the Company;
‘‘ Datang Subscription Securities’ ’		the Datang P re-emptive Shares, t he Datang Pre-emptive P SCS and t he Datang Further P SCS;
‘‘ Director(s)’ ’		d irector(s) of the Company;
‘‘ General Mandate’ ’		a general and unconditional m andate granted to t he Directors b y passing a resolution o f t he Shareholders at t he annual general meeting o f t he Company held on 23 June 2017 to exercise the power o f t he Company to allot and issue up to 20% of the issued share c apital of the Company as at the date o f p assing such resol ution;
‘‘HK$’’		Ho ng Kon g Dollars, the lawful currency o f Hong K ong;
‘‘ Hong Kong’’		Hong Kong Special Administrative Region of the PRC;
‘‘ Joint M anagers’ ’		Barclays Bank PLC, D eutsche Bank AG, Hong Kong Branch and J.P. Morgan Securities P lc;
‘‘ Jo i nt P l a ci n g Agents’ ’		collectively, J.P. Morgan Securities P lc and D eutsche B ank AG, Ho ng Kon g Bran ch;
‘‘ L is t i n g Ru les’’		th e Ru les Go ve rn i n g t he Listing o f Securities on T he Stock Exchange of Hong Kong Limited;
‘‘ Placed Conversion Shares’ ’		new Shares to b e allotted and issued by the Company upon conversion of the P laced P SCS;
‘‘ Placed PSCS’’		t he perpetual s ubordinated convertible securities o f an a ggregate principal amount of US$65 million issued b y t he Company under the P laced P SCS Subscription Agreement;
‘‘ Placed PSCS Subscription Agreement’ ’		the s ubscription a greement dated 29 N ovember 2017 between t he Company and the Joint Managers relating to the issue o f t he Placed PSCS;

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‘‘Placees’’		any p rofessional i nstitutional and other investor whom any o f the Joint Placing A gents h ave procured to purchase a ny of the Placing Shares under t he Placing A greement;
‘‘Placing’’		t he placing o f t he Placing Shares pursuant to t he Placing Agreement;
‘‘ Placing A greement’ ’		the p lacing agree ment dated 29 N ovember 2017 b etween the Company and the Joint Placing A gents;
‘‘ Placing P rice’’		HK$10. 65 per P lacing Share;
‘‘ Placing Shares’ ’		241,418,625 n ew Shares to b e placed under the Placing;
‘‘PRC’’		the P eople’s R epublic of China (for t he purpose o f t his announcement excluding Hong Kong, Macau Special Administrative Region of the P eople’s R epublic of China and Taiwan);
‘‘PSCS’’		t he Placed PSCS, the Datang P re-emptive PSCS, t he China IC Fund Pre-emptive P SCS, the China IC Fund Further P SCS and the Datang Further PSCS;
‘‘ Securities Act’’		t he U.S. Securities Act o f 1933, as amended;
‘‘ Share(s)’ ’		share(s) of US$0.004 each in the s hare capital o f the Company;
‘‘ Sharehold er(s)’ ’		the hold e r(s) of the S hares;
‘‘ Singapore Exchange’ ’		Singapore Exchange Securities Trading Limited;
‘‘ Stock Exchange’ ’		T he Stock Exchange o f Hong Kong Limited;
‘‘ substantial shareholder(s)’ ’		has t he meaning a scribed to i t under t he Listing R ules;
‘‘US’’ or ‘‘ Un i t e d States’ ’		the U ni ted S tates o f A me ri ca;
‘‘ US$ ’’, ‘‘ USD’ ’o r ‘‘ US Dollars’ ’		United States dollars, the lawful currency o f t he United States;
‘‘ Xinxin HK’ ’		X inxin ( Hongkong) Capital Co., Ltd., a wholly-owned subsidiary of China IC Fund, which as at the date o f t his announcement is i ndicated b y China IC Fund to hold t he China IC Fund Subscription Securities; and
‘‘ % ’’		p e r ce nt.

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By order o f t he Board

Semiconductor M anufacturing International Corporation

Gao Yonggang

Executive D irector, Chief F inancial O fficer and Joint C ompany S ecretary

 

Shanghai, 14 December 2017

 

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As at the d ate of t his announcement, the d irectors of the Company are:

 

Executive D irectors

Zhou Zixue (Chairman)

Zhao HaiJun ( C o-Chief E xecutive Officer)

Liang Mong Song (Co-Chief E xecutive Officer)

Gao Y onggang (Chief Financial Officer)

 

Non-executive Directors

Tzu-Yin Chiu (Vice Chairman)

Chen Shanzhi

Zhou Jie

Ren K ai

Lu Jun

Tong Guohua

 

Independent Non-executive Directors

Lip-Bu Tan

William Tudor Brown

Carmen I-Hua Chang

Shang-yi Chiang

Jason J ingsheng Cong

 

*   For ide ntification p urpo ses

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