[Unimicron] Board Resolves to Issue Commitments for Subsidiary Suzhou Qunce's Overseas Listing
Unimicron has resolved to provide necessary commitments, including non-compete agreements and procurement framework agreements, for its subsidiary Suzhou Qunce's upcoming IPO on the Hong Kong Stock Exchange. The company also announced plans to apply for 'Full Circulation' for approximately 55% of its held shares.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 25, 2026 at 08:00 (71h 0m after Published)
- 🤖 AI Analyzed: May 25, 2026 at 08:00 (0 min after Collected)
1. Board Resolution Date: 2026/05/22
2. Subsidiary to be listed on an overseas market: Suzhou Qunce Technology Co., Ltd.
3. Relationship and shareholding ratio: A subsidiary 90.44% owned by Unimicron.
4. Commitments regarding significant impact on finance, operations, or shareholder equity:
(1) The subsidiary, Suzhou Qunce, intends to list on the Hong Kong Stock Exchange. Consequently, Unimicron and its related subsidiaries will sign and issue relevant documents to Chinese securities regulators, the Hong Kong Stock Exchange, and intermediaries.
(2) The commitments have been evaluated by the Audit Committee and the Board and are deemed not to have any material impact on Unimicron or its related subsidiaries.
5. Commitment items issued by the company and its subsidiaries:
[Principal documents to be signed by Unimicron]
- Semi-finished Goods Procurement Framework Agreement
- Equipment and Raw Material Procurement Framework Agreement
- Deed of Non-Competition
- Undertaking pursuant to Rule 10.07 of the Listing Rule
- B2B Confirmation-Controlling Shareholders
[Principal documents to be signed by Suzhou Qunce]
- Various procurement framework agreements, deed of non-competition, Issuer's Undertaking (M103), and statements related to the application for 'Full Circulation' of H-shares.
6. Special Committee (or Audit Committee) meeting date: 2026/05/22
7. Other matters:
(1) Regarding the 'Full Circulation' application, the company intends to convert 806,155,001 shares (55.13% of total shares) into H-shares.
(2) During the audit review, some members expressed reservations, but after a supplemental explanation by counsel, the proposal was approved by all present directors.
2. Subsidiary to be listed on an overseas market: Suzhou Qunce Technology Co., Ltd.
3. Relationship and shareholding ratio: A subsidiary 90.44% owned by Unimicron.
4. Commitments regarding significant impact on finance, operations, or shareholder equity:
(1) The subsidiary, Suzhou Qunce, intends to list on the Hong Kong Stock Exchange. Consequently, Unimicron and its related subsidiaries will sign and issue relevant documents to Chinese securities regulators, the Hong Kong Stock Exchange, and intermediaries.
(2) The commitments have been evaluated by the Audit Committee and the Board and are deemed not to have any material impact on Unimicron or its related subsidiaries.
5. Commitment items issued by the company and its subsidiaries:
[Principal documents to be signed by Unimicron]
- Semi-finished Goods Procurement Framework Agreement
- Equipment and Raw Material Procurement Framework Agreement
- Deed of Non-Competition
- Undertaking pursuant to Rule 10.07 of the Listing Rule
- B2B Confirmation-Controlling Shareholders
[Principal documents to be signed by Suzhou Qunce]
- Various procurement framework agreements, deed of non-competition, Issuer's Undertaking (M103), and statements related to the application for 'Full Circulation' of H-shares.
6. Special Committee (or Audit Committee) meeting date: 2026/05/22
7. Other matters:
(1) Regarding the 'Full Circulation' application, the company intends to convert 806,155,001 shares (55.13% of total shares) into H-shares.
(2) During the audit review, some members expressed reservations, but after a supplemental explanation by counsel, the proposal was approved by all present directors.
FAQ
Why is Unimicron listing Suzhou Qunce in Hong Kong?
To diversify fundraising and strengthen the operational independence of its Chinese subsidiary.
What does 'Full Circulation' mean?
It refers to converting domestic unlisted shares into overseas listed shares that can be traded on the Hong Kong stock market.
Were there any dissenting votes at the board meeting?
Initially, some audit committee members expressed reservations, but after consulting with legal counsel, the resolution was passed unanimously.