HUICHENG INTL H(01146): Shanghai Bi Rong, in which Qingdao Huaxin Anchors is invested, has successfully listed on the Hong Kong Stock Exchange.

HUICHENG INTL H (01146) announced that the group has recently been informed by its invested fund, Qingdao Huaxin Anchor Point Investment Center (limited partnership) (Qingdao Huaxin Anchor Point), that the shares of the company it invested in, Shanghai Birun Technology Co., Ltd. (Shanghai Birun), have successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on January 2, 2026. Qingdao Huaxin Anchor Point is a limited partnership enterprise established under the laws of the People's Republic of China, with Qingdao Anchor Point Technology Investment Development Co., Ltd. as its general partner. Shanghai Birun is established in China. The main business of Shanghai Birun and its subsidiaries includes selling General Purpose Graphics Processing Unit (GPGPU) chips, providing GPGPU-based intelligent computing solutions to support artificial intelligence and related services, as well as conducting research and development activities related to GPGPU primarily in China and other regions. After the listing, the group's equity held through Qingdao Huaxin Anchor Point in Shanghai Birun, consisting of 1,702,550 shares of Shanghai Birun common stock, representing approximately 0.07% of Shanghai Birun's issued share capital, has been converted into H shares of Shanghai Birun. Based on the closing price of Shanghai Birun H shares at HK$34.46 on January 2, 2026, the fair value of the group's equity in Shanghai Birun held through Qingdao Huaxin Anchor Point is HK$58.6699 million (equivalent to approximately RMB 52.9918 million). After deducting the group's investment costs and related expenses, the investment is expected to generate a net income compared to the group's initial investment cost in Qingdao Huaxin Anchor Point.