New Stock News: Changguang Chenxin's Hong Kong IPO and domestic unlisted shares have been approved by the China Securities Regulatory Commission for "full circulation".

On March 13, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Record Filing for Overseas Issuance and Listing and Domestic Unlisted Shares" of Changchun Changguang Chensin Microelectronics Co., Ltd. Changguang Chensin intends to issue no more than 75.0883 million shares of overseas listed common stock and list on the Hong Kong Stock Exchange. Twenty-two shareholders of the company intend to convert a total of 225,844,300 shares of domestically unlisted shares into overseas listed shares and list them on the Hong Kong Stock Exchange for circulation. The prospectus shows that Changguang Chensin is a provider of CMOS image sensors (CIS). The company has been focusing on the research and development of CIS, providing nine product series that are widely used in advanced technology fields such as industrial imaging, scientific imaging, professional imaging, and medical imaging. According to information from Frost & Sullivan, in terms of industrial imaging revenue in 2024, the company ranks third among global CIS companies, with a market share of 15.2%. In addition, in terms of scientific imaging revenue in 2024, the company ranks third among global CIS companies, with a market share of 16.3%. The industrial imaging and scientific imaging CIS markets are dominated by a few international and regional leaders. Based on 2024 revenue, the industrial imaging CIS market and scientific imaging CIS market account for approximately 2.1% and 0.8% of the global CIS market, respectively. Changguang Chensin has developed a comprehensive portfolio of standard products, namely CMOS image sensors, which includes nine product series and over 50 standard products. Attachment: Names of "full circulation" shareholders and conversion quantities.