External broker reports(aggregated public sources), CMB International

CMB International

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

External broker reports(aggregated public sources)

Thematic (Sector/Industry)

<div><div><div><div><ul><li>US Department of Commerce announced new set of export controls on 7 Oct (link) that semiconductors made with US technology for use in advanced computing chips, supercomputers, and advanced semiconductors can only be sold to China with an export licence.</li><li>This first rule targets to 1) tighten existing restrictions on logic IC of 16nm/14nm or below (i.e. FinFET or GAAFET), 2) extends restrictions to memory IC category (DRAM of 18nm or below, and NAND with 128-layer or more), and 3) foreign-owned production facilities located in China will need to apply for approval for related equipment on a case- by-case basis.</li><li>The second rule added China’s memory chipmaker Yangtze Memory and 30 other Chinese entities to “Unverified list”. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

US Department of Commerce announced new set of export controls on 7 Oct (link) that semiconductors made with US technology for use in advanced computing chips, supercomputers, and advanced semiconductors can only be sold to China with an export licence.This first rule targets to 1) tighten existing restrictions on logic IC of 16nm/14nm or below (i.e. FinFET or GAAFET), 2) extends restrictions to memory IC category (DRAM of 18nm or below, and NAND with 128-layer or more), and 3) foreign-owned production facilities located in China will need to apply for approval for related equipment on a case- by-case basis.The second rule added China’s memory chipmaker Yangtze Memory and 30 other Chinese entities to “Unverified list”. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Semiconductor Manufacturing International Corp (SMIC) (981 HK)

Semiconductor Manufacturing International Corp (SMIC)

China Technology - Implications of US’s new chip export restrictions to China