On December 20th, as per the official website of the China Securities Regulatory Commission, Xipei Semiconductor Technology Co., Ltd., along with its counseling securities firm, CITIC Securities, submitted a report to the Shanghai Securities Regulatory Bureau, confirming the completion of their IPO counseling work. CITIC Securities has expressed confidence that, following the counseling process, Xipei Semiconductor has successfully established the corporate governance framework, accounting principles, and internal control mechanisms essential for a publicly listed company. The company now possesses a comprehensive understanding of the diverse characteristics inherent in the various tiers of the capital market.

Furthermore, Xipei Semiconductor, together with its board directors, senior management, shareholders holding over 5% of the shares, and actual controllers, have gained a thorough grasp of the legal and regulatory requirements pertaining to issuance and listing, as well as standardized operational practices. They are acutely aware of their obligations concerning information disclosure and commitment fulfillment. Additionally, they have cultivated a strong sense of integrity, self-discipline, and adherence to the rule of law, which are crucial for their entry into the securities market.