Group 1 - The board of directors of Xinxing Electronics approved the listing application of Suzhou Qunce Technology on the Hong Kong Stock Exchange, with an expected submission for discussion at the 2026 shareholders' meeting and a projected listing time in 2027 [1] - Suzhou Qunce Technology aims to enhance global competitiveness, attract and motivate talented professionals, and expand its business in mainland China through the listing [1] - The listing will allow Suzhou Qunce to leverage the international funding platform of the Hong Kong Stock Exchange to raise funds, strengthen its financial structure, and improve financial flexibility, thereby accelerating Xinxing's development globally and in mainland China [1] Group 2 - Xinxing Electronics, established in 1990, is a world-class supplier in the PCB and IC carrier industries, with multiple production facilities in Taiwan and mainland China [2] - The company is a leading supplier of advanced mobile HDI boards and IC packaging substrates, actively developing flexible boards and rigid-flex boards [2] - Suzhou Qunce Technology, as a production base of Xinxing Group, primarily produces IC carriers used in various consumer electronics, with customers distributed globally [2]