Gansu Shangfeng Cement (000672.SZ) subsidiary Guangdong Xin Semiconductor's application for an IPO on the ChiNext board has been accepted.

Gansu Shangfeng Cement (000672.SZ) announced that it recently learned that the company's wholly-owned subsidiary Ningbo Shangrong Logistics Co., Ltd. has invested in private equity investment funds jointly established with professional institutions as the investing entities. These funds are Shanghai Xinpu Ranyi Entrepreneurship Investment Partnership Enterprise (Limited Partnership), Suzhou Jingpu Entrepreneurship Investment Partnership Enterprise (Limited Partnership), and Suzhou Industrial Park Chuxin Entrepreneurship Investment Partnership Enterprise (Limited Partnership). They have invested in the initial public offering of Guangdong Xin Semiconductor Technology Co., Ltd. (referred to as "Guangdong Xin Semiconductor") and applied for listing on the Growth Enterprise Market on December 19, 2025, which was accepted by the Shenzhen Stock Exchange. After consolidation, Gansu Shangfeng Cement indirectly owns approximately 1.4957% equity in Guangdong Xin Semiconductor before its initial public offering.