Will Semiconductor rebrands as OmniVision Group, eyes Hong Kong IPO

Will Semiconductor Shanghai (SSE:603501) is undergoing a strategic transformation, highlighted by several key announcements. The company will rebrand as OmniVision Integrated Circuits Group, reflecting its increasing focus on image sensor solutions, which constituted 74.76% of its 2024 revenue. In line with this focus, OmniVision will initiate an employee stock option plan (ESOP) to further incentivize employees with stock options granted on March 31, 2025 with an exercise price of CNY 139.29, pending various vesting requirements. These options cover 3,361 employees and 19,983,400 share options. Moreover, there is a proposed H share listing on the Hong Kong Stock Exchange (HKEX) to accelerate its international strategy and bolster overseas financing capabilities. The engagement of Hong Kong Li Shin & Co. as the auditing firm for the H share issuance is also underway, pending shareholder approval. If successful, this H Share will allow OmniVision access to more international investment.