301707SZSE
🚨 Material Event

Listing Announcement for Initial Public Offering on ChiNext

✨ AI Summary

Jiangsu X-chip Semiconductor Technology Co., Ltd. announces its IPO on the ChiNext board of the Shenzhen Stock Exchange on August 7, 2026. The announcement details risks associated with the ChiNext market, including price volatility and industry-specific challenges. Investors are urged to conduct thorough due diligence and make rational investment decisions.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

Section 1: Important Statements and Reminders

I. Important Statements and Reminders

The Company and all directors, supervisors, and senior management personnel guarantee the truthfulness, accuracy, and completeness of the Listing Announcement. They pledge that the Listing Announcement contains no false records, misleading statements, or significant omissions and shall bear legal responsibility according to law.

The opinions of the Shenzhen Stock Exchange, relevant government authorities on the Company's stock listing and related matters do not indicate any guarantee of the Company by them.

The Company reminds all investors to carefully read the "Risk Factors" section of the Company's Prospectus published on the following websites: Giant Information Network (www.cninfo.com.cn), China Securities Net (www.cs.com.cn), China Stock Net (www.cnstock.com), Securities Times Net (www.stcn.com), Securities Daily Net (www.zqrb.cn), Economic Information Daily (www.jjckb.cn), Financial Times (www.financialnews.com.cn), and China Daily Net (www.chinadaily.com.cn). Please pay attention to risks, make prudent decisions, and invest rationally.

The Company reminds all investors that for any content not covered in this Listing Announcement, please refer to the full text of the Company's Prospectus.

II. Special Reminder on Initial Investment Risks for New Stocks Listed on ChiNext

The Company reminds all investors to pay attention to the investment risks during the initial period after the listing of the initial public offering shares (hereinafter referred to as "new shares"). Investors should fully understand the risks and participate in new stock trading rationally. Specifically, the risks during the initial period of the Company's listing include, but are not limited to, the following:

(I) Stock Trading Risks Due to Relaxed Price Fluctuation Limits

The bidding trading on the ChiNext board has relatively wide price fluctuation limits. For stocks newly listed on the ChiNext board through initial public offerings, there are no price fluctuation limits for the first 5 trading days after listing, and thereafter, the price fluctuation limit is 20%. The Company's stock may experience significant price fluctuations during the initial listing period.

(II) Discrepancy Between the Company's Issue Price-to-Earnings Ratio and the Industry Average

According to the "Industry Classification Statistics Classification Guidelines for Listed Companies in China" (2023) issued by the China Association of Listed Companies, the Company's industry is classified as "Manufacturing of Computers, Communication Equipment and Other Electronic Equipment (C39)". According to the "Classification of National Economic Industries" (GB/T4754-2017), the Company's industry is "C39 Manufacturing of Computers, Communication Equipment and Other Electronic Equipment". As of July 21, 2026 (T-4), the average static price-to-earnings ratio for the C39 industry published by Wind Information was 73.63 times. Investors are advised to consider this for their decision-making.

As of July 21, 2026 (T-4), the price-to-earnings ratios of comparable listed companies in the same industry disclosed in the "Prospectus" are as follows:

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.