Huike Official Announcement: Plans to deploy RMB 4 billion in advanced semiconductor packaging and testing

On July 17, Huike Co., Ltd. announced that the company signed a "Cooperation Agreement" with the Shaoxing Area Management Committee of the Hangshao Airport Economic Integration Development Demonstration Zone on July 17, 2026 to carry out Huike's advanced packaging and testing projects.

The company plans to invest 4 billion yuan to establish a wholly-owned subsidiary, Zhejiang Huixin Advanced Semiconductor Co., Ltd., as the implementation entity of the project. The project will be constructed in two phases. In the first phase, it is planned to build advanced packaging and testing of 12-inch hybrid chips. The production capacity will be 20 million units/month after reaching production, and the construction period will not exceed three years. The final determination is based on the approved project feasibility study report/application report. The second phase of the project will be launched in due course based on the implementation of the first phase of the project. The investment plan, scale and start time of the second phase of the project will be determined through separate negotiations between the two parties, and the formal investment agreement signed at that time shall prevail.

Huike stated that the company established a wholly-owned subsidiary with a registered capital of 4 billion yuan, and the source of funds is its own funds. The company is expected to invest in installments according to the project construction progress needs within 2-3 years after the establishment of the project company. This arrangement is expected to have a certain impact on the company's cash flow.

Against the background of the restructuring of the global semiconductor industry supply chain and the continued growth of domestic chip packaging and testing market demand, the company's entry into the advanced packaging and testing field through this investment is an important step for the company to proactively extend to high value-added links in the industry chain, and is conducive to cultivating new business growth poles.