On October 11, information from the official website of the China Securities Regulatory Commission revealed that on October 10, 2025, Hangzhou Zhongxin Wafer Semiconductor Co., Ltd. successfully registered for IPO (Initial Public Offering) counseling with the Zhejiang Securities Regulatory Bureau. The company has set its sights on a public share issuance to a group of unspecified qualified investors, with the ultimate goal of listing on the Beijing Stock Exchange. To facilitate this process, it has engaged Caitong Securities as its counseling firm.

It's worth noting that Zhongxin Wafer's path to the public markets hasn't been without its twists and turns. Earlier, on August 29, 2022, the company had submitted an application to list on the Sci-Tech Innovation Board, also known as the STAR Market, which is China's Nasdaq-style board aimed at high-tech and innovative enterprises. However, its review process came to an abrupt halt on July 3, 2024, when the application was terminated.