Megi Innovation plans to list in Hong Kong, company responds to stock price decline.

On May 21st, the semiconductor leader Zhaoxin Co., Ltd.'s stock price fell sharply in intraday trading, dropping more than 7% at one point. By the end of the morning session, Zhaoxin Co., Ltd. closed at 118.95 yuan per share, a decrease of 5.71%, with a total market value of 78.99 billion yuan, falling below the 80 billion yuan mark. On the news side, Zhaoxin Co., Ltd. announced on the evening of May 20th that it plans to issue foreign-listed foreign stock shares and list on the main board of the Hong Kong Stock Exchange. Regarding the performance of Zhaoxin Co., Ltd.'s A-shares during intraday trading, a staff member of the company's secretariat office told reporters that historically, companies listed in both A and H shares will have a certain price difference between the two exchanges, with H-share prices slightly lower than A-share prices. This may have a short-term impact on investment sentiment, but in the long run, the company's continued growth in performance is still the focus. The issuance price of Hong Kong shares and the share price of A-shares are expected to have a positive impact.