ASR (688220.SH): plans to issue H-shares and list on HKEX Main Board, board has approved relevant resolutions

NewTimeSpace News: On 15 August 2026, ASR Microelectronics Co., Ltd. (A-share: ASR, 688220) announced in a notice that on 13 August 2026, its third meeting of the third session of the board of directors approved the resolutions on issuing H-shares and listing on the Main Board of The Stock Exchange of Hong Kong Limited, proposing to issue overseas listed foreign shares (H-shares) and apply for a Main Board listing in Hong Kong to further enhance its capital strength and comprehensive competitiveness and advance its internationalization strategy.

According to the announcement, the offering and listing is still subject to review and approval by the Company's shareholders' meeting, and will be carried out subject to compliance with relevant PRC laws, regulations and normative documents and Hong Kong legal requirements, as well as filings, approvals and/or verifications from the CSRC, the Hong Kong Stock Exchange and the SFC and other relevant regulators. As of the date of the announcement, the Company is actively discussing the offering and listing with relevant intermediaries; apart from the resolutions already approved by the board, other specific details of the offering and listing have not yet been finalized.

The announcement notes that whether the offering and listing can pass the review, filing and approval procedures and be ultimately implemented is subject to significant uncertainty, and the Company will fulfill its information disclosure obligations in a timely manner based on subsequent progress.

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