On August 1, Nexchip made a public announcement revealing its intention to issue H-Shares and list on the Hong Kong Stock Exchange. This strategic move aims to bolster Nexchip's international presence, expedite its overseas business expansion, and elevate its overall competitiveness and global brand reputation. Additionally, by tapping into the international capital market, the company aims to refine its capital structure and expand its financing avenues. Nexchip is currently in discussions with relevant intermediary institutions to outline the specific steps forward, and thus, detailed arrangements are yet to be finalized. Notably, this H-share listing will not alter the company's controlling shareholder or actual controller. Nexchip, established in 2015, stands as the pioneering 12-inch wafer foundry in Anhui Province, dedicated to providing semiconductor wafer production foundry services.