Core Viewpoint - Longxin Semiconductor (Hefei) Co., Ltd. has appointed Ernst & Young as the auditing firm for its public issuance of H shares and application for listing on the Hong Kong Stock Exchange [3][5]. Group 1: Appointment of Auditing Firm - The board of directors of Longxin Semiconductor approved the appointment of Ernst & Young as the auditing firm for the public issuance of H shares during the eighth meeting of the fourth board on November 21, 2025 [5]. - Ernst & Young is a partnership firm established under Hong Kong law, providing auditing, tax, and consulting services to numerous listed companies in Hong Kong, including those in the banking, insurance, and securities sectors [5]. - Ernst & Young is registered as a public interest entity auditor under the Hong Kong Accounting and Financial Reporting Council Ordinance and has obtained a temporary audit business license for mainland China [5].

Core Insights - The 2025 Shandong International Trade and Investment Advisory Conference was held in Jinan, focusing on promoting high-quality development and modern industrial systems in Shandong [1][3] - KPMG has been invited to the conference for the fifth consecutive year, highlighting its role as a key advisor in international trade and investment for Shandong [1][5] Group 1: Economic Performance - China's exports showed strong resilience in 2023, with a year-on-year growth of 6.1% in the first three quarters, an increase of 1.7 percentage points compared to the previous year [5] - Shandong, as the fifth largest exporting province in China, also performed well, with export growth exceeding 5% in the same period, driven by emerging markets and enhanced recognition of traditional products [5] Group 2: Challenges and Recommendations - Despite positive growth, challenges remain, including potential additional tariffs on transshipped goods by the U.S. and tightening scrutiny on re-export trade [5] - KPMG suggests that relevant departments provide policy support for foreign trade enterprises from both short-term and long-term perspectives to navigate these challenges [5] Group 3: KPMG's Commitment - KPMG has been operating in Shandong for nearly 20 years, providing high-quality audit, tax, and consulting services to local governments and businesses [5] - The firm plans to continue its engagement in Shandong, leveraging its platform and expertise to support the province's economic and social development [5]