SMIC Ningbo issued another statement: Refusing to settle

SMIC Ningbo issued a statement refusing to reconcile with former director and general manager Huang He and former financial director Wang Ying. The two were sentenced to four years in prison at the first instance for misappropriation of funds. SMIC Ningbo emphasized that it will safeguard the company's legitimate rights and interests in accordance with the law and promote the healthy development of the country's strategic science and technology industry.