TIANYU SEMI's H-Share Full Circulation Plan Application Accepted by CSRC

Stock News05-29

TIANYU SEMI (02658) has announced that the China Securities Regulatory Commission (CSRC) has accepted the company's application, submitted on behalf of certain shareholders, regarding the proposed implementation of an H-share full circulation plan. According to the relevant application documents, the company has applied to convert 334 million issued but non-listed shares, each with a par value of RMB 1.0, held by these shareholders into H-shares with the same par value. These shares represent approximately 84.999962% of the company's total issued share capital as of the date of this announcement. Subject to obtaining all necessary approvals, including filing with and/or approval from the CSRC and The Stock Exchange of Hong Kong Limited (SEHK), and compliance with all applicable laws, regulations, and rules, these non-listed shares will be converted into H-shares. The company will then apply for the listing and trading of these H-shares on the Main Board of SEHK. In accordance with the company's articles of association, no further shareholders' meeting is required to approve the conversion and listing.

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