Tianyue Advanced Technology Announces New Details of Its Hong Kong Listing, Plans to Raise Funds to Build an 8-inch SiC Project

On February 12, Tianyue Advanced disclosed the "First Extraordinary General Meeting of Shareholders in 2025", which involved the deliberation of 13 proposals including the company's listing in Hong Kong. The company plans to publicly issue H shares not exceeding 15% of the company's total share capital after the issuance, and announced the preliminary plan and upper limit of the H share issuance. The funds raised from the overseas public issuance of H shares will be mainly used to expand the production capacity of 8-inch or larger substrates, technology research and development, working capital and other general corporate purposes.