New stock news | Xizhi Technology's Hong Kong IPO and "full circulation" of domestically unlisted shares approved by the China Securities Regulatory Commission

On March 30th, the International Cooperation Department of the China Securities Regulatory Commission issued a filing notice regarding the overseas issuance and listing of Shanghai Xizhi Technology Co., Ltd. and the full circulation of domestically unlisted shares. Xizhi Technology plans to issue no more than 15,864,495 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. 43 shareholders of the company intend to convert a total of 60,986,081 domestically unlisted shares into overseas listed shares and list them for circulation on the Hong Kong Stock Exchange. According to the information, Xizhi Technology, established in 2017, is a leading global provider of optical-electric hybrid computation power. With pioneering technology in the field of integrated photonics and a top-notch global team of integrated circuit technology developers, they are committed to providing customers with a range of computation power transition solutions in the era of exploding computational demand, and to jointly build a more intelligent and sustainable world with customers. Xizhi Technology starts from the three core technologies of photon matrix computation (oMAC), on-chip optical networks (oNOC), and inter-chip optical networks (oNET), to create two product lines of photonic computation and photonic networks. They work closely with customers in fields such as big data, cloud computing, finance, autonomous driving, biomedicine, and materials research, continuously providing customers with more creative and efficient computation power support.