TIANYU SEMI (02658): The China Securities Regulatory Commission has accepted the company's application for the H-share full circulation plan.

Tianyu Semiconductor (02658) announced that the China Securities Regulatory Commission has accepted the application from the company's representatives and some shareholders to implement the proposal for the full circulation of H shares. According to the application documents, the company has applied to convert 334 million unlisted shares held by certain shareholders with a face value of RMB 1.0 per share into H shares with a face value of RMB 1.0 per share. These shares account for approximately 84.999962% of the company's total issued share capital as of the date of this announcement. Upon obtaining all necessary approvals (including filing with the China Securities Regulatory Commission and the Stock Exchange and/or obtaining their approval) and in compliance with all applicable laws, regulations, and rules, these unlisted shares will be converted into H shares and the company will apply for approval for the listing and trading of these H shares on the Stock Exchange's main board. According to the company's articles of association, no further shareholders' meeting is required to approve the conversion and listing.