Group 1 - Victory Technology has officially submitted its application for listing on the Hong Kong Stock Exchange, aiming to issue overseas listed shares (H shares) and be listed on the main board [1] - The company specializes in the research, production, and sales of high-density printed circuit boards (PCBs), covering rigid and flexible circuit boards, with applications in AI, automotive electronics, and next-generation communication technologies [1] - As of August 20, 2025, Victory Technology's total market capitalization in the A-share market is approximately 193.67 billion yuan [1] Group 2 - Jiangxi Xiangyi Dingsheng Technology Co., Ltd. is expected to commence production of its second-phase project by the end of September, with a focus on Mini LED backlight PCB components [2][4] - The company has achieved revenue of 396 million yuan in the first half of the year and anticipates annual revenue to exceed 1 billion yuan, representing a year-on-year growth of over 50% [2] - The total investment for the new projects is 2 billion yuan, which will enhance the company's production capacity significantly, including an additional 6 million square meters of Mini LED aluminum substrates and 9 million high-end metal-based copper-clad laminates [4]