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Zhongwei Semiconductor plans to list on the Hong Kong Stock Exchange, the company responds.
Jin10 Data reported on July 23 that a staff member from the Securities Department of Zhongwei Semiconductor stated that listing H-shares is beneficial for the company to expand into overseas markets. "Only by 'going out' can we be seen by the outside world, which is advantageous for business development." In addition, raising funds through H-share listing will also support the company's subsequent research and development and operations, which has positive significance for the company's long-term development.