[Zhen Ding-KY] Announcement of Board Approval for Subsidiary Leading Semiconductor Technology (Shenzhen) Co., Ltd. to Apply for Listing on the Stock Exchange of Hong Kong
Zhen Ding Tech's board approved its subsidiary, Leading Semiconductor Technology, to apply for listing on the HKEX to raise capital, expand business, and attract international talent, issuing up to 15% new shares.
📋 Article Processing Timeline
- 📰 Published: April 17, 2026 at 09:00
- 🔍 Collected: April 18, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 18, 2026 at 21:46 (13h 46m after Collected)
1. Date of board of directors resolution: 115/04/17
2. Date of shareholders meeting: Scheduled for 115/05/29
3. Name of the subsidiary applying for listing and trading on an overseas securities market:
Leading Semiconductor Technology (Shenzhen) Co., Ltd. (hereinafter referred to as "Leading Tech")
4. Purpose of applying for listing on an overseas securities market:
Considering business development, industry characteristics, and future growth, Leading Tech plans to evaluate applying for a listing on The Stock Exchange of Hong Kong Limited (hereinafter referred to as "HKEX") (hereinafter referred to as "this issuance and listing") to enhance the overall capital structure flexibility and corporate brand image, strengthen recognition in the international market, and attract international strategic investors and top talents.
5. Impact of applying for listing on an overseas securities market on the company's finances and operations:
(1) Financial impact:
If Leading Tech successfully lists on the HKEX, it can raise funds through diversified financing channels in the international capital market to supplement working capital, support business expansion and technology R&D, and help optimize its financial structure and enhance capital scheduling flexibility, expanding business operations, which is conducive to increasing the net profit attributable to the Company as the holding parent company. Although the public offering of new shares may dilute the Company's shareholding ratio in the subsidiary, the release of shares does not generate profit or loss but can increase the Company's shareholder equity. Overall, it helps enhance overall shareholder equity.
(2) Operational impact:
Leading Tech is primarily engaged in semiconductor-related businesses, an industry characterized by high capital intensity, technology orientation, and talent density. This issuance and listing will help elevate the company's visibility and reputation in the semiconductor supply chain and international market, having a positive impact on the Company's overall business development.
6. Proposed organizational structure and business adjustment methods:
(1) The Company expects to continue indirectly holding Leading Tech's equity through Monterey Park Finance Limited and its subsidiaries. Leading Tech remains a subsidiary of the Company, and the group's organizational structure will not undergo major adjustments due to this issuance and listing;
(2) Leading Tech's issuance and listing are primarily to match its long-term operational development and capital market planning, enhancing corporate value, with no major changes to its business nature.
7. Impact of the proposed organizational structure and business adjustments on the company:
This issuance and listing of Leading Tech will not require major adjustments to the proposed organizational structure and business, hence there is no major impact on the Company.
8. Method of equity dispersion and expected reduction in shareholding (or capital contribution) ratio:
For the new shares issued in this IPO, the par value is RMB 1 per share; according to the regulations of the listing location, the number of new shares to be issued is tentatively set at approximately 15% of Leading Tech's total share capital after issuance. However, the final issuance quantity and shareholding ratio will be determined through negotiation between Leading Tech and the underwriters based on applicable laws, listing regulations, funding needs, communication with relevant regulatory authorities and the stock exchange, and market conditions.
9. Basis for price determination:
The issuance price will fully consider the interests of existing shareholders, investor acceptance, and issuance risks. Following international practices, combined with domestic and overseas capital market conditions at the time of issuance, general valuation levels of the industry, and market subscription, and based on the results of roadshows and bookbuilding, the issuance price will be negotiated and determined jointly by Leading Tech's board of directors (or its authorized person) and the lead underwriter, as authorized by Leading Tech's shareholders' meeting.
10. Targets for equity (or capital contribution) transfer or specific targets contacted:
According to listing regulations, the targets for the new shares issued in this IPO are qualified inquiry objects, natural persons, and legal entities that comply with relevant laws, regulations, and regulatory authority rules, as well as investors who comply with the regulations of the HKEX, the Hong Kong Securities and Futures Commission, the China Securities Regulatory Commission, and other relevant laws and regulations.
11. Whether it affects the company's continued listing:
This issuance and listing is by the Company's subsidiary, Leading Tech, on the HKEX. Based on the comprehensive assessment of the aforementioned financial and operational impacts, it will not affect the Company's continued listing on the Taiwan Stock Exchange.
12. Date of review by the special committee (or audit committee) regarding the aforementioned discussion items (Items 4 to 11): 115/04/17
13. Other matters to be stated:
(1) Considering long-term development, Leading Tech plans to proceed with this issuance and listing. However, as the application has not yet been submitted, uncertainties and unpredictability remain regarding the actual submission time and the length of the application period in the future.
(2) To cooperate with the relevant operations and other necessary requirements for this issuance and listing, the board of directors has been asked for authorization, and the shareholders' meeting will be asked to authorize the Chairman or their designated person, and/or authorize Leading Tech's board of directors or its designated person, to make necessary adjustments based on the implementation of this issuance and listing plan, the opinions of relevant regulatory authorities, and the laws, market conditions, or actual application circumstances of Taiwan, the listing location, and other regions, and to handle all matters related to this issuance and listing for the Company and Leading Tech with full authority. This includes, but is not limited to: engaging independent experts to issue opinion letters on the reasonableness of historical prices of equity dispersion and the impact on the Company's shareholder equity, selecting and appointing external professional advisory teams such as consulting and counseling institutions, determining the issuance conditions, timing, quantity and ratio, method, pricing method, issuance price (including price range and final pricing), base date, placement matters (including placement ratio and targets), over-allotment options, use of proceeds, signing continuous connected transaction framework agreements in accordance with HKEX rules, issuing commitment letters (including non-compete commitment letters), confirmation letters, and relevant listing application documents, and handling all affairs related to "Full Circulation" (including but not limited to signing "Full...
2. Date of shareholders meeting: Scheduled for 115/05/29
3. Name of the subsidiary applying for listing and trading on an overseas securities market:
Leading Semiconductor Technology (Shenzhen) Co., Ltd. (hereinafter referred to as "Leading Tech")
4. Purpose of applying for listing on an overseas securities market:
Considering business development, industry characteristics, and future growth, Leading Tech plans to evaluate applying for a listing on The Stock Exchange of Hong Kong Limited (hereinafter referred to as "HKEX") (hereinafter referred to as "this issuance and listing") to enhance the overall capital structure flexibility and corporate brand image, strengthen recognition in the international market, and attract international strategic investors and top talents.
5. Impact of applying for listing on an overseas securities market on the company's finances and operations:
(1) Financial impact:
If Leading Tech successfully lists on the HKEX, it can raise funds through diversified financing channels in the international capital market to supplement working capital, support business expansion and technology R&D, and help optimize its financial structure and enhance capital scheduling flexibility, expanding business operations, which is conducive to increasing the net profit attributable to the Company as the holding parent company. Although the public offering of new shares may dilute the Company's shareholding ratio in the subsidiary, the release of shares does not generate profit or loss but can increase the Company's shareholder equity. Overall, it helps enhance overall shareholder equity.
(2) Operational impact:
Leading Tech is primarily engaged in semiconductor-related businesses, an industry characterized by high capital intensity, technology orientation, and talent density. This issuance and listing will help elevate the company's visibility and reputation in the semiconductor supply chain and international market, having a positive impact on the Company's overall business development.
6. Proposed organizational structure and business adjustment methods:
(1) The Company expects to continue indirectly holding Leading Tech's equity through Monterey Park Finance Limited and its subsidiaries. Leading Tech remains a subsidiary of the Company, and the group's organizational structure will not undergo major adjustments due to this issuance and listing;
(2) Leading Tech's issuance and listing are primarily to match its long-term operational development and capital market planning, enhancing corporate value, with no major changes to its business nature.
7. Impact of the proposed organizational structure and business adjustments on the company:
This issuance and listing of Leading Tech will not require major adjustments to the proposed organizational structure and business, hence there is no major impact on the Company.
8. Method of equity dispersion and expected reduction in shareholding (or capital contribution) ratio:
For the new shares issued in this IPO, the par value is RMB 1 per share; according to the regulations of the listing location, the number of new shares to be issued is tentatively set at approximately 15% of Leading Tech's total share capital after issuance. However, the final issuance quantity and shareholding ratio will be determined through negotiation between Leading Tech and the underwriters based on applicable laws, listing regulations, funding needs, communication with relevant regulatory authorities and the stock exchange, and market conditions.
9. Basis for price determination:
The issuance price will fully consider the interests of existing shareholders, investor acceptance, and issuance risks. Following international practices, combined with domestic and overseas capital market conditions at the time of issuance, general valuation levels of the industry, and market subscription, and based on the results of roadshows and bookbuilding, the issuance price will be negotiated and determined jointly by Leading Tech's board of directors (or its authorized person) and the lead underwriter, as authorized by Leading Tech's shareholders' meeting.
10. Targets for equity (or capital contribution) transfer or specific targets contacted:
According to listing regulations, the targets for the new shares issued in this IPO are qualified inquiry objects, natural persons, and legal entities that comply with relevant laws, regulations, and regulatory authority rules, as well as investors who comply with the regulations of the HKEX, the Hong Kong Securities and Futures Commission, the China Securities Regulatory Commission, and other relevant laws and regulations.
11. Whether it affects the company's continued listing:
This issuance and listing is by the Company's subsidiary, Leading Tech, on the HKEX. Based on the comprehensive assessment of the aforementioned financial and operational impacts, it will not affect the Company's continued listing on the Taiwan Stock Exchange.
12. Date of review by the special committee (or audit committee) regarding the aforementioned discussion items (Items 4 to 11): 115/04/17
13. Other matters to be stated:
(1) Considering long-term development, Leading Tech plans to proceed with this issuance and listing. However, as the application has not yet been submitted, uncertainties and unpredictability remain regarding the actual submission time and the length of the application period in the future.
(2) To cooperate with the relevant operations and other necessary requirements for this issuance and listing, the board of directors has been asked for authorization, and the shareholders' meeting will be asked to authorize the Chairman or their designated person, and/or authorize Leading Tech's board of directors or its designated person, to make necessary adjustments based on the implementation of this issuance and listing plan, the opinions of relevant regulatory authorities, and the laws, market conditions, or actual application circumstances of Taiwan, the listing location, and other regions, and to handle all matters related to this issuance and listing for the Company and Leading Tech with full authority. This includes, but is not limited to: engaging independent experts to issue opinion letters on the reasonableness of historical prices of equity dispersion and the impact on the Company's shareholder equity, selecting and appointing external professional advisory teams such as consulting and counseling institutions, determining the issuance conditions, timing, quantity and ratio, method, pricing method, issuance price (including price range and final pricing), base date, placement matters (including placement ratio and targets), over-allotment options, use of proceeds, signing continuous connected transaction framework agreements in accordance with HKEX rules, issuing commitment letters (including non-compete commitment letters), confirmation letters, and relevant listing application documents, and handling all affairs related to "Full Circulation" (including but not limited to signing "Full...