Tianyu Semiconductor (02658.HK): China Securities Regulatory Commission accepted the company's application for the full circulation plan of H shares.

Zhicheng Finance APP news, Tianyu Semiconductor (02658.HK) announced that the China Securities Regulatory Commission has accepted the application submitted by the company's representatives and some shareholders to the China Securities Regulatory Commission for the proposal to implement full circulation of H shares. According to the relevant application documents, the company has applied to convert 334 million shares with a par value of RMB 1.0 per share held by these shareholders into H shares with a par value of RMB 1.0 per share. These shares account for approximately 84.999962% of the total issued share capital of the company as of the date of this announcement. After obtaining all relevant approvals (including filing with the China Securities Regulatory Commission and the Stock Exchange and/or obtaining its approval) and subject to 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 Main Board of the Stock Exchange. According to the company's Articles of Association, there is no need to convene a further shareholder meeting to approve the conversion and listing.