Shanghai Hejing announced that Beijing King & Wood Mallesons has issued a supplementary legal opinion on inquiries related to the company's issuance of A-shares to specific targets. After the completion of the 12-inch semiconductor large silicon wafer industrialization project, an annual output of 900,000 12-inch polishing sheets and 720,000 12-inch epitaxial wafers will be added. The new polishing sheets will all support epitaxial film production. They will not be sold abroad, and there will be no new industry competition with the indirect controlling shareholder, Hejing Technology, and not in violation of the promise to avoid competition in the same industry. The pricing of the company's related transactions with Hejing Technology during the reporting period was fair and commercially reasonable. After the fund-raising project is implemented, the self-sufficiency of polishing pads will be enhanced, no new related transactions will be added, and the commitment to reduce related transactions will not violate regulations.

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