Ferrotec announced that it plans to acquire 100% equity of Jiangsu Fulehua Semiconductor Technology Co., Ltd. through the issuance of shares and convertible corporate bonds, and to raise matching funds. This transaction constitutes a related party transaction and is expected to constitute a major asset restructuring, which will not lead to a change in the actual controller of the company. The transaction is subject to review by the Shenzhen Stock Exchange and must be registered with the China Securities Regulatory Commission before it can be implemented