New stock news | Moving core communication filed with Hong Kong Stock Exchange

According to the Zhidao Finance APP, as disclosed by the Hong Kong Stock Exchange on November 30th, Shanghai Yixintong Communication Technology Co., Ltd. (referred to as Yixintong Communication) has submitted an application to the main board of the Hong Kong Stock Exchange, with CITIC Securities International as the exclusive sponsor. The prospectus shows that Yixintong Communication is a global leading provider of cellular communication chip, with highly optimized engines that enable devices to communicate through cellular LTE/5G networks. The company's chip product matrix covers low, medium, and high wireless transmission full-speed domain, with a unique advantage of optimizing the balance of "PPA (power consumption, performance, area/cost)", ensuring high performance, low power consumption, cost-effectiveness, to meet diverse needs and adapt to the rigorous operating conditions of various application scenarios. The company's chips constitute the cornerstone of the Internet of Things ecosystem, enabling seamless data exchange among physical entities such as smart meters, vehicles, and industrial equipment.