Xin Lang Cai Jing·2025-10-22 04:40Group 1 - The China Securities Regulatory Commission has approved Suzhou Naxin Microelectronics Co., Ltd. to issue up to 40.9769 million ordinary shares for listing on the Hong Kong Stock Exchange [1] - Naxin Microelectronics submitted its prospectus to the Hong Kong Stock Exchange on April 25, 2025, with CICC, CITIC Securities, and Jianyin International as joint sponsors [1] - As of October 21, 2025, Naxin Microelectronics has a total market capitalization of approximately RMB 26.4 billion [1] Group 2 - Excellence Ruixin is a well-known provider of digital solutions for higher education in China, focusing on the development, delivery, and operation of digital educational content and teaching scenarios [3] - According to Frost & Sullivan, Excellence Ruixin ranks second in the Chinese higher education digital teaching market with a market share of 3.4% as of 2023 [3] - The company holds the first position in the digital teaching content production market for higher education in China, with a market share of 6.2% [3]