Verisilicon Microelectronics (Shanghai) Co., Ltd. (688521.SH) is planning to issue H shares and list on the Hong Kong Stock Exchange.

Verisilicon Microelectronics (Shanghai) Co., Ltd. (688521.SH) has announced that in order to meet the needs of the company's business development, attract and gather outstanding research and development and management talents, deepen the internationalization strategy, create an international capital operation platform, and further enhance the company's capital strength, the company plans to issue overseas listed shares of H shares and list on the Hong Kong Stock Exchange. The company will fully consider the interests of existing shareholders and the situation of domestic and foreign capital markets, and choose the appropriate timing and issuance window to complete this issue and listing within the effective period of the shareholder resolution (i.e. within 24 months from the date of the company's shareholder meeting) or any other extended period agreed by the shareholders.