Maxscend Microelectronics’ stock issuance approved by Shenzhen exchange

Maxscend Microelectronics announced on October 31, 2025, that its application for a targeted stock issuance received approval from the Shenzhen Stock Exchange Listing Review Center. The company confirmed receipt of the "Notice of Review Center Opinion Letter Regarding Jiangsu Maxscend Microelectronics Co., Ltd.'s Application for Issuance of Shares to Specific Objects" from the Shenzhen Stock Exchange.

The Listing Review Center reviewed Maxscend Microelectronics' application documents and determined that the company meets the issuance conditions, listing conditions, and information disclosure requirements. The Shenzhen Stock Exchange will now report the matter to the China Securities Regulatory Commission (CSRC) for the required registration procedures.

The targeted stock issuance is contingent upon obtaining consent for registration from the CSRC. Maxscend Microelectronics noted that the final decision and timing of the CSRC's approval for registration remain uncertain. The company pledges to disclose information regarding the progress of this matter in a timely manner and advises investors to be aware of the investment risks.