PUYA SEMICONDUCTOR (688766.SH): plans H-share offering and HKEX listing, details not yet determined

NewTimeSpace News: On 11 November 2026, Puya Semiconductor (Shanghai) Co., Ltd. (688766.SH) announced that, in order to further advance its globalisation strategy and overseas business layout, enhance its brand influence and core competitiveness, consolidate its industry-leading position, and fully leverage the resources and mechanisms of the international capital market to optimise its capital structure, broaden diversified financing channels and comprehensively strengthen its overall capabilities, the Company is planning to issue overseas shares (H shares) and list on The Stock Exchange of Hong Kong Limited. As at the date of the announcement, the Company is discussing the specific work for the H-share listing with relevant intermediaries, and the relevant details have not yet been determined. The H-share listing will not result in a change in the Company's controlling shareholder or actual controller.

In accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Listing Rules of the Shanghai Stock Exchange for the Science and Technology Innovation Board, the Trial Administrative Measures for Overseas Securities Offering and Listing by Domestic Enterprises and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and other relevant laws, regulations and normative documents, after the specific plan is determined, the H-share listing will still be subject to deliberation by the Company's board of directors and shareholders' meeting, and to approval, ratification or filing with the China Securities Regulatory Commission, the Stock Exchange of Hong Kong and the Securities and Futures Commission of Hong Kong and other regulatory authorities. The Company stated that whether the H-share listing can pass the deliberation, filing and review procedures and ultimately be implemented is subject to significant uncertainty.

The Company will, in accordance with the relevant laws, regulations and normative documents, timely perform its information disclosure obligations based on the subsequent progress of the H-share listing and effectively safeguard the legitimate rights and interests of the Company and all shareholders, and reminded investors to invest rationally and be aware of investment risks.