Zhanxin Corporation: Initial Public Offering of Stocks and Listing on the Growth Enterprise Market

Expansion Semiconductor announced that its initial public offering of shares and application for listing on the ChiNext board have been approved by the Listing Review Committee of the Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission. The subscription for this issuance will occur on July 27, 2026, both online and offline, without the need to pay funds at the time of subscription. The issuance will be a combination of strategic placement, offline inquiry placement, and online pricing issuance, with the strategic placement being composed of relevant subsidiaries of the underwriter. The preliminary inquiry will take place on July 21, and the issuer and the underwriter will directly determine the issuance price. The online issuance of shares will have no circulation restrictions, while 10% of the shares issued offline will be restricted from being sold for 6 months.