Will Semiconductor H-share listing nears Hong Kong exchange review

Will Semiconductor Shanghai is progressing with its application to issue H-shares and list on the Main Board of The Stock Exchange of Hong Kong Limited. The Hong Kong Stock Exchange Listing Committee held a listing hearing on December 11, 2025, to review the company’s application.

On December 12, 2025, the joint sponsors of Will Semiconductor's H-share issuance received a letter from the Hong Kong Stock Exchange. This letter indicated that the Listing Committee had reviewed the company’s listing application. However, the letter clarified that it does not constitute a formal approval for listing, and the Hong Kong Stock Exchange reserves the right to raise further queries regarding the application.

The proposed H-share issuance and listing remain subject to approvals and authorizations from relevant regulatory bodies, including the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange. The company emphasized that there is still uncertainty regarding the outcome of this matter and advised investors to exercise caution.