Fourier Semiconductor's Hong Kong IPO and the full circulation of domestic unlisted shares have been approved by the China Securities Regulatory Commission.

The International Cooperation Department of the China Securities Regulatory Commission issued a filing notice regarding the overseas listing of Shanghai Fourier Semiconductor Co., Ltd. and the "full circulation" of domestically unlisted shares. The company plans to issue no more than 38,333,332 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. A total of 41 shareholders of the company plan to convert a total of 98,889,800 shares of locally unlisted shares into overseas listed shares and have them listed for trading on the Hong Kong Stock Exchange.