Kingsemi shares remain suspended amid control change plans

Kingsemi (SSE: 688037) announced that its shares will remain suspended from trading on the Shanghai Stock Exchange, effective March 10, 2025, as the company continues to progress its plan regarding a change of control. The initial suspension began on March 6, 2025, and was expected to last no more than two trading days. However, the company stated that due to the uncertainty surrounding the matter and to ensure fair disclosure and protect investor interests, trading will remain suspended for no more than three additional trading days. Kingsemi will continue to release announcements regarding the company's plan according to relevant laws and regulations. The company advises investors to pay attention to subsequent announcements and be aware of investment risks.