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HGTECH made an announcement stating that the company intends to issue foreign-capital shares, known as H shares, to pursue an overseas listing and apply for a primary listing on the Hong Kong Stock Exchange. This strategic move is designed to further the company's globalization efforts, boost its international presence and overall competitiveness, as well as diversify its financing options and refine its capital structure. At present, discussions regarding the relevant work are ongoing, and specific details remain to be finalized. The issuance and listing process are contingent upon obtaining filings, approvals, or authorizations from pertinent government departments, regulatory authorities, and the stock exchange, introducing a degree of uncertainty.
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