Academician Wu Hanming, Director of SMIC Award: the value of restricted stock is about HK $4.2 million.

CTOnews.com September 5 news, SMIC announced on the Hong Kong Stock Exchange, the board of directors announced on September 5, the company proposed to grant 277,500 restricted stock units to independent non-executive director Wu Hanming under the 2014 share-based compensation incentive plan, subject to independent shareholders 'approval at the shareholders' meeting. Each RSU to be granted to Academician Wu represents the right to receive one Hong Kong share on its vesting date.

SMIC announced that based on the closing price of HK $15.14 per share quoted by the Hong Kong Stock Exchange on September 5,2022, the market value of the proposed restricted stock units was approximately HK $4,201,350. The proposed grant of RSUs to Academician Wu is intended to attract, retain and motivate Academician Wu to commit to the long-term development of the Group and enhance shareholder value by further maintaining the interests of the Directors and the Company.

CTOnews.com learned that at the end of August this year, SMIC released its mid-term results announcement for 2022: revenue of US $3.745 billion in the first half of this year, up 53% year-on-year; net profit of US $960 million, up 13.6% year-on-year.

Headquartered in Shanghai, China, SMIC has a global manufacturing and service base with three 8-inch fabs and three 12-inch fabs in Shanghai, Beijing, Tianjin and Shenzhen; one 12-inch fabs are under construction in Shanghai, Beijing and Shenzhen. SMIC also has marketing offices and customer service in the United States, Europe, Japan and China Taiwan, as well as a representative office in China Hong Kong.