On September 24, Guangdong XIN Semiconductor Corp. commenced the subscription process for its new shares on the Growth Enterprise Market, setting the issue price at RMB 12.01 per share. Initially, the company issued 513 million shares, but after fully exercising the over-allotment option, the total number of shares issued surged to 590 million. According to the announcement released on September 27, the online issuance attracted a staggering 14.4354 million valid subscription accounts, with a total of 423.383 billion valid shares subscribed. Following the activation of the clawback mechanism, 179 million shares were ultimately allocated for online issuance. This resulted in an incredibly low winning rate of just 0.0423786759%, and the valid subscription multiple soared to an astonishing 2359.68 times. Notably, Guangdong XIN Semiconductor Corp. stands as the pioneer in Guangdong Province to achieve mass production of 12-inch wafers, with its products finding applications across a diverse range of fields, including consumer electronics, industrial control, automotive electronics, and artificial intelligence.