On October 22, 2025, Hangzhou Zhongxin Advanced Semiconductor Co., Ltd. (Stock abbreviation: Zhongxin Advanced Semiconductor; Stock code: 874810) officially commenced trading on the Innovation Layer of the National Equities Exchange and Quotations (NEEQ, commonly referred to as the "New Third Board"). Alongside this, the company successfully concluded a private placement, raising RMB 610 million. Earlier, on October 10, Zhongxin Advanced Semiconductor had filed its IPO tutoring documentation and completed registration with the Zhejiang Securities Regulatory Bureau, paving the way for its listing on the Beijing Stock Exchange. As one of the select few domestic firms capable of handling the entire production process for semiconductor silicon wafers, Zhongxin Advanced Semiconductor's journey to listing and its IPO endeavors serve as a valuable benchmark for semiconductor companies aiming to swiftly establish connections with the capital market.