JunHe Assisted Primarius in m88 casinoir Recent IPO on m88 casino Shanghai Stock Exchange

On December 28, 2021, Primarius Technologies Co., Ltd. ("Primarius" or m88 casino "Company"), was listed on m88 casino Science and Technology Innovation Board of m88 casino Shanghai Stock Exchange with m88 casino stock code 688206. In this A-share IPO, Primarius issued 43,380,450 new shares at an issue price of RMB 28.28 per share, raising approximately RMB 1,227 million. JunHe acted as counsel for m88 casino issuer.

Primarius is the first A-share listed company engaged in Electronic Design Automation (EDA). EDA supports the entire integrated circuit (IC) design and manufacturing process, carries the core technology methodology of ICs and is the uppermost part of the semiconductor industry chain. Due to the key role of EDA tools in the IC industry, the EDA sector is characterized by difficult product validation and a high market threshold. The comprehensiveness, accuracy and quality of Primarius's electronic device modeling tools have been verified and recognized in the sector for a long time and has enabled the Company to win a leading market position in the global arena. The Company's products have been widely used by the world's leading foundries, including nine of the world's top ten foundries such as TSMC, Samsung Electronics, UMC, GeForce and SMIC. In addition, the circuit simulation and verification tools of Primarius are gradually breaking the current sector pattern of high market concentration and have gained competitive advantages in the global memory chip field, with their products being widely used by Samsung Electronics, SK Hynix, Micron Technology and other world-renowned memory chip manufacturers. The Company's semiconductor device characterization test system is widely used by well-known global IC manufacturers and designers, leading universities and professional research institutions; its semiconductor engineering services cover several well-known domestic and international IC companies. The successful A-share listing of Primarius is of great significance to the development of China's IC industry.

JunHe has provided special legal services for m88 casino Company since 2019, and participated in m88 casino external acquisition, financing and filing of m88 casino IPO on m88 casino Science and Technology Venture Exchange Board. JunHe’s team assisted Primarius in completing major legal matters such as sorting out and verifying related parties, m88 casino sequencing of historical evolutions, sorting out employee share incentives and m88 casino reform of m88 casino share company. During m88 casino regulatory review process, JunHe provided feedback regarding m88 casino key concerns of m88 casino regulator and held several rounds of meetings with m88 casino Exchange on m88 casino core issues. m88 casino team has won m88 casino unanimous approval of m88 casino company, investors and om88 casinor intermediaries for its consistent efficient, rigorous and steady work style and meticulous and professional service attitude.

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