Lingyi iTech plans Hong Kong listing to fuel global growth

Lingyi iTech (Guangdong) Company Limited announced its plans to issue H shares and list on The Stock Exchange of Hong Kong Limited. This strategic initiative aims to advance the company’s internationalization, bolster overseas business, broaden merger and acquisition channels, and enhance its overall competitiveness and global visibility. Discussions with relevant intermediaries are currently underway, with specific details yet to be finalized. The company confirmed that this H share listing will not alter its controlling shareholder or actual controller.

The proposed H share issuance and listing are subject to multiple approvals, including those from the company's board of directors and shareholders, as well as from the China Securities Regulatory Commission and approval from the Hong Kong Stock Exchange and other regulatory bodies. The completion of these procedures and the eventual implementation of the listing remain uncertain.

Lingyi iTech emphasized that the transaction requires internal decision-making processes and regulatory approvals. The company will disclose further developments in accordance with relevant laws and regulations. Investors are advised to monitor official announcements for updates and exercise caution regarding investment risks.