SHANGHAI, Dec. 8, 2016 /PRNewswire/ -- Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981), one of the leading semiconductor foundries in the world and the largest and most advanced foundry in mainland China announces a 10 for 1 reverse split of all outstanding common stock has taken effect, after the approval by the Board of Directors and majority of shareholders. SMIC stockholders approved the share consolidation in an Extraordinary General Meeting held on December 6, 2016.

SMIC's ticker: 0981 is temporarily suspended until December 21, 2016, while SMIC's old share certificates can continue trading on the temporary trading counter under stock code: 02920 from December 7 to January 13, 2017. Only new consolidated share certificates may resume trading on December 21, 2016 under stock code: 0981. The reverse stock split has reduced the number of shares of SMIC's common stock issued and outstanding from 42,508,409,019 shares of common stock to 4,250,840,901 shares of common stock.

From December 7, 2016 to January 17, 2017, shareholders may exchange old share certificates for new consolidated certificates at SMIC's Share Registrar, Computershare Hong Kong Investor Services Limited, 1712–1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, at the expense of SMIC. After January 17, 2017 any exchange will require a processing fee. Computershare Hong Kong will also provide matching services for sale and purchase of odd lots of the consolidated shares.

For more details on the stock consolidation please see our Circulars, Expected Timetable, DR Market Announcement, Convertible Bonds Conversion Announcement: http://www.hkex.com.hk/eng/market/partcir/hkscc/2016/Documents/ce_302_2016.pdf  
http://www.smics.com/attachment/2016111720470100012666225_en.pdf  
http://www.smics.com/attachment/2016111721020100002666241_en.pdf  
https://www.adr.com/Site/LoadPDF?CMSID=e937a4870b1048d5aa1ec78bd3da8f5d  
http://www.smics.com/attachment/2016111818320100002666839_en.pdf

For questions on this announcement please contact:

SMIC General Investor Contact:
Tel: +86-21-3861-0000 x 12804
Email: ir@smics.com

SMIC Ordinary Shares:
Computershare
Tel: +852 2862-8628  

SMIC ADR:
JPMorgan Service Centre
Toll free number: +1 (800) 990-1135
Outside U.S: +1 (201) 680-6630

About SMIC
Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in mainland China. SMIC provides integrated circuit (IC) foundry and technology services on process nodes from 0.35 micron to 28 nanometer. Headquartered in Shanghai, China, SMIC has an international manufacturing and service base. In China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai; a 300mm mega-fab and a majority-owned 300mm fab for advanced nodes in Beijing; 200mm fabs in Tianjin and Shenzhen; and a majority-owned joint-venture 300mm bumping facility in Jiangyin; additionally, in Italy SMIC has a majority-owned 200mm fab. SMIC also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan, and a representative office in Hong Kong. For more information, please visit www.smics.com.

Safe Harbor Statements

(Under the Private Securities Litigation Reform Act of 1995)

This document contains, in addition to historical information, "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on SMIC's current assumptions, expectations and projections about future events. SMIC uses words like "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions to identify forward looking statements, although not all forward-looking statements contain these words. These forward-looking statements are necessarily estimates reflecting the best judgment of SMIC's senior management and involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, risks associated with cyclicality and market conditions in the semiconductor industry, intense competition, timely wafer acceptance by SMIC's customers, timely introduction of new technologies, SMIC's ability to ramp new products into volume, supply and demand for semiconductor foundry services, industry overcapacity, shortages in equipment, components and raw materials, availability of manufacturing capacity, financial stability in end markets and intensive intellectual property litigation in high tech industry.

In addition to the information contained in this document, you should also consider the information contained in our other filings with the SEC, including our annual report on Form 20-F filed with the SEC on April 25, 2016, especially in the "Risk Factors" section and such other documents that we may file with the SEC or SEHK from time to time, including on Form 6-K. Other unknown or unpredictable factors also could have material adverse effects on our future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this document may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated or, if no date is stated, as of the date of this document.