New Stock News | Haitian Tiancheng Hong Kong IPO Prospectus Invalid

Hantiancheng Electronic Technology (Xiamen) Co., Ltd. (hereinafter referred to as Hantiancheng) submitted its Hong Kong stock prospectus on April 8, which expired after 6 months on October 8, with CICC as the sole sponsor at the time of submission. According to the prospectus, Hantiancheng is a leader and innovator in the global silicon carbide (SiC) epitaxy industry. According to a report by Torch Insight, Hantiancheng has been the world's largest supplier of silicon carbide epitaxy by annual sales volume since 2023, with a market share of over 30% in 2024.