Xinlei Corporation: Intends to issue shares overseas and list on the Hong Kong Stock Exchange.

Xinlei Corporation announced that it held the 20th meeting of the third board of directors on July 15, 2025, and approved the proposal "Authorization of the company management to initiate the preparation work for the overseas issuance of shares and listing on the Hong Kong Stock Exchange." The company plans to discuss with relevant intermediaries on the specific progress of this H-share listing. The details of this H-share listing have not yet been finalized. This H-share listing will require approval from the company's board of directors and shareholders' meeting, as well as filing, approval, or authorization from relevant government and regulatory agencies.