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China’s Third Generation Semiconductor Silicon Carbide (SiC) Wafer Manufacturer Purchases 26 Silicon Carbide Related Patents

Tianke Heda issued an announcement on December 11 on the purchase of a related party transaction that is unique to shareholders of the Institute of Physics of the Chinese Academy of Sciences and shares some of the patents with the company.

The announcement shows that after consultation with the Institute of Physics of the Chinese Academy of Sciences, Tianke Heda intends to make a cash investment to purchase the silicon carbide-related patents unique to the Institute of Physics of the Chinese Academy of Sciences and shared with the company. The assessed value of this part of intangible assets is 10.2181 million yuan. It was 10.2181 million yuan.

Beijing Tianke Heda Semiconductor Co., Ltd. was jointly established by Xinjiang Tianfu Group and the Institute of Physics of the Chinese Academy of Sciences in September 2006. It currently has a registered capital of 103.64286 million yuan. It is a third-generation semiconductor silicon carbide (SiC) wafer. R & D, production and sales of high-tech enterprises. The company is one of the world's major manufacturers of SiC wafers and listed on the New Third Board on April 10, 2017.

Tianke Heda's patents for intangible assets to be acquired this time involve 26 patents including polishing liquid, preparation method of polishing liquid, polishing method using this polishing liquid, and method of obtaining high-quality silicon carbide surface. The transaction agreement was signed and approved after the company's shareholders meeting.

Tianke Heda said that the above-mentioned related transactions are reasonable and necessary for the company to further improve the company's core intellectual property protection work and provide sufficient protection for the company's future development. This connected transaction does not harm the interests of other shareholders and is in the interest of all shareholders and the company. It will not adversely affect the company's financial status, operating results, business integrity and independence.

北京天科合达半导体股份有限公司

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