Shanghai Wanye Enterprise Announces Change in Actual Controller Following RMB 2.497 Billion Stake Transfer

On November 28, Shanghai Wanye Enterprise Co., Ltd. announced that 11 limited partners, including Hongtianyuan Management and Shenhongyuan Management, have transferred their entire stake in Hongtianyuan Partnership to Lead Technology and its subsidiary, Lead Hunter.

Prior to this change, Hongtianyuan Partnership held a 51% stake in Shanghai Puke, the controlling shareholder of Wanye Enterprise. Hongtianyuan Management and Shenhongyuan Management owned 16.45% and 11.07% of the partnership, respectively. The total transaction value for the transfer amounted to RMB 2.497 billion.

This shift in equity control marks a significant move as Lead Technology Group will officially become the new ultimate controller of Shanghai Puke, and by extension, Wanye Enterprise. As a result, the company’s controlling parties will change from Zhu Xudong, Li Yongjun, and Wang Qinghua to Lead Technology and Lead Hunter’s controller, Zhu Shihui.

Following this change, Hongtianyuan Management and Shenhongyuan Management will no longer hold shares in Wanye Enterprise. However, Shanghai Puke will remain the controlling shareholder of Wanye Enterprise, continuing to hold a 51% stake in Hongtianyuan Partnership. Lead Technology and Lead Hunter will now own 100% of Hongtianyuan, indirectly controlling 24.27% of Wanye Enterprise’s shares.

The company clarified that this equity transfer is subject to the approval of antitrust authorities and any other legal requirements before finalizing the registration and other related processes.

Wanye Enterprise has focused its operations on the semiconductor integrated circuit equipment sector in recent years, offering products such as ion implantation devices, etching equipment, and thin-film deposition systems. Its subsidiaries, Kaishitong and Jiaxin Semiconductor, are key players in the development of semiconductor core equipment.

Kaishitong’s primary business revolves around ion implantation equipment, including self-developed ion implanters and related consumables, while Jiaxin Semiconductor focuses on a variety of semiconductor front-end devices, providing solutions to wafer manufacturers for automotive chips, power chips, and logic chips.

Lead Technology Group, a global leader in the production of scarce metals, has significant strategic importance. It has established a strong presence in the semiconductor material industry, covering the entire supply chain from materials to devices and modules. The company has already partnered with top semiconductor clients such as TSMC, Samsung, Applied Materials, SK Hynix, and TDK.

This acquisition by Lead Technology will provide Wanye Enterprise with essential industry support, particularly in advancing the development of its semiconductor business. Lead Technology has committed to optimizing Wanye’s industrial structure, leveraging its financial strengths to drive technological innovation in semiconductor materials, precision control, and process applications. Together, the two companies aim to strengthen their leadership in the semiconductor sector.