ACM Research sets preliminary transfer price of RMB 160/share for 4.8M ACM Shanghai shares

ACM Research, Inc.

Preliminary transfer price: RMB 160.00 (~$23.05) per share; total of 4,801,648 shares to be sold.
38 institutional investors participated; effective subscription multiple of 1.17x (5,639,000 shares validly subscribed).
30 institutional investors preliminarily identified as transferees; final transfer subject to CSDC registration and legal risks.
The inquiry-based transfer does not involve change of control of ACM Shanghai and will not affect corporate governance.

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