On December 20, the official website of the China Securities Regulatory Commission revealed that Xipei Semiconductor Technology Co., Ltd., along with its tutoring securities firm, CITIC Securities, had submitted a tutoring work completion report to the Shanghai Securities Regulatory Bureau. This event signifies the successful completion of its pre - IPO tutoring stage, and it has now officially stepped into a crucial period as it races towards listing (often referred to as a "sprint IPO" in financial circles).

In the report, CITIC Securities emphasized that Xipei Semiconductor already boasts the corporate governance structure, accounting foundation, and internal control systems that are essential for a listed company. Moreover, the company has cultivated a strong sense of integrity, self - discipline, and adherence to the rule of law, which are vital for entering the securities market. Moving forward, Xipei Semiconductor will embark on the formal IPO process, and more detailed information will be disclosed in due course.