Megachips Corporation responds to the sharp drop in stock price.

On May 21st, the stock price of leading semiconductor company Zhaoxin Innovation plummeted during trading hours. Zhaoxin Innovation's stock price was reported at 118.20 yuan per share, a 6.3% drop, with a total market value of 78.5 billion yuan. In terms of news, on the evening of May 20th, Zhaoxin Innovation released an announcement stating its intention to issue foreign-listed foreign capital stocks and list them on the main board of the Hong Kong Stock Exchange. Regarding today's stock price performance, Zhaoxin Innovation did not deny its connection to the capital operation of listing in Hong Kong. A staff member at the Investor Relations Office told a reporter from China Securities JournalZhongzheng Jinniu, that historically, companies listed in both the A-share and H-share markets will have a certain price difference between the two exchanges, with H-share prices slightly lower than A-share prices. In the short term, there may be some impact on investment sentiment. However, in the long term, the continuous growth of company performance is still the focus, and the issuance price of Hong Kong stocks and A-share prices will have a positive effect.