Summary by Futu AI
CPC International Integrated Circuit Manufacturing Co., Ltd. (hereinafter referred to as “SME International”) issued a notice on February 28, 2024, disclosing that its major shareholders had made a share write-down in the Chinese Summer Sciencing-Board 50-Component Traded Open Index Securities Investment Fund (hereinafter referred to as the “Huaxia Fund”). According to the announcement, Xia Fund has reduced 1,692,100 shares of MDI through the Shanghai Stock Exchange on February 26, 2024. The total number of shares in the SMB is 196,251,141 shares, representing 9.94% of the total capital in the MDI and 2.47% of the total share capital. This share change is a cautionary notice disclosed in accordance with the relevant provisions of the China Securities and Exchange Commission and has not resulted in any change in the status of the non-controlling shareholder and effective controller of SMIC International. AS AN ETF THAT PURSUES TRACKING DEVIATIONS AND TRACKING ERROR MINIMIZED, CHINA XIA FUND'S HOLDING MOVEMENTS ARE IN LINE WITH THE FUND'S INVESTMENT STRATEGY.