Hongda Electronics (300726.SZ) issued an announcement regarding abnormal fluctuations in its stock trading. Jiangsu Zhanxin Semiconductor Technology Co., Ltd., a company in which Hongda Electronics indirectly holds a 13.79% stake, announced on December 18, 2025, that its application documents for the initial public offering of stocks and listing on the ChiNext board, submitted to the Shenzhen Stock Exchange, have been accepted. Before and after the application acceptance, Hongda Electronics' shareholding ratio and voting rights in Jiangsu Zhanxin have not undergone significant changes. The investment is still accounted for using the equity method, and this matter has no significant impact on Hongda Electronics' current financial report. Moreover, the subsequent progress of Jiangsu Zhanxin's IPO remains uncertain.
