Quectel A-share issuance moves closer with Shanghai Stock Exchange nod

Shanghai Quectel Wireless Solutions Co., Ltd. announced on September 4, 2025, that it has received the "Exchange Review Comments on the Application for Non-Public Issuance of Shares to Specific Objects by Shanghai Quectel Wireless Solutions Co., Ltd." from the Shanghai Stock Exchange. The Shanghai Stock Exchange stated that the company's application to issue A-shares to specific objects meets the issuance conditions, listing conditions, and information disclosure requirements, and will be submitted to the China Securities Regulatory Commission (CSRC) for registration.

The proposed A-share issuance remains subject to the approval of the CSRC, which must issue a decision to approve the registration before the issuance can proceed. There is still uncertainty regarding whether the CSRC will ultimately approve the registration and the timing of such a decision.

Quectel Wireless Solutions emphasized that it will continue to fulfill its information disclosure obligations promptly based on the progress of this matter. Investors are advised to be aware of the investment risks associated with this offering.