Core Viewpoint - Shanghai Longqi Technology Co., Ltd. has announced the approval of its H-share global offering and listing on the Hong Kong Stock Exchange, marking a significant step in the company's internationalization strategy [1] Group 1: H-share Global Offering - The board of directors unanimously approved the proposal for H-share global offering, including public and international offerings in Hong Kong, and the listing on the main board of the Hong Kong Stock Exchange [1] - The proposal received 7 votes in favor, with no votes against or abstentions, allowing for a swift progression of the H-share issuance process without needing further shareholder approval [1] Group 2: Governance Structure Revision - The board also approved amendments to the company's articles of association and meeting rules to align with governance requirements post-H-share listing, ensuring compliance with Hong Kong Stock Exchange listing rules and international capital market governance standards [2] - The revised articles and rules will take effect after the H-share listing, with details disclosed in a special announcement on the Shanghai Stock Exchange [2] Group 3: International Expansion - The H-share listing is a crucial initiative for Longqi Technology to expand its international financing channels and enhance its global brand influence [3] - By entering the Hong Kong capital market, the company aims to optimize its capital structure, support technology research and development, market expansion, and global business layout, while attracting international investors and improving governance [3] - As a leading domestic smart hardware ODM service provider, the company is expected to leverage Hong Kong's status as an international financial center to strengthen collaboration with global industry partners [3] Group 4: Company Overview - Shanghai Longqi Technology Co., Ltd. specializes in the research, design, and manufacturing of smart hardware, including smartphones, IoT devices, and wearables, serving major global consumer electronics brands [4] - The upcoming H-share listing is anticipated to propel the company into a new phase of international development [4]
龙旗科技董事会通过H股全球发售及香港上市议案