Semiconductor Manufacturing International Corporation (SMIC) has announced its plan to acquire a 49% equity interest in Semiconductor Manufacturing North China (Beijing) Corporation (SMNC), a controlled subsidiary. The transaction will involve issuing RMB ordinary shares (A shares) and is currently in the planning stage. SMIC is in active discussions with potential transaction parties, including China Integrated Circuit Industry Investment Fund Co., Ltd., Beijing Semiconductor Manufacturing and Equipment Equity Investment Center, Beijing E-Town International Investment & Development Co., Ltd., Zhongguancun Development Group Co., Ltd., and Beijing Industrial Development Investment Management Co., Ltd. A preliminary intention agreement has been signed with the major shareholders of the minority shareholders of SMNC, with details to be confirmed in a subsequent formal agreement.