TIANYU SEMI Announces Acceptance of H-Share Full Circulation Application by CSRC

Deep News06-01

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 held by these shareholders, each with a par value of RMB 1.0, 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. Following the receipt of all requisite approvals, including filing with and/or obtaining approval from the CSRC and The Stock Exchange of Hong Kong Limited, and in compliance with all applicable laws, regulations, and rules, these non-listed shares will be converted into H-shares. The company will then apply for approval for the listing and trading of these H-shares on the Main Board of The Stock Exchange of Hong Kong Limited. In accordance with the company's articles of association, no further general meeting of shareholders is required to approve the conversion and listing.

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