Following Ruixin Micro and Zhongke Jingshang, another semiconductor company terminated its IPO on the Science and Technology Innovation Board

On January 27, the Shanghai Stock Exchange issued a decision to terminate the review of the initial public offering and listing of Longxun Semiconductor (Hefei) Co., Ltd. (hereinafter referred to as "Longxun Co., Ltd.") on the Science and Technology Innovation Board.

It was disclosed that on January 26, 2021, Longxun Co., Ltd. and its sponsor Hua'an Securities Co., Ltd. submitted to the Shanghai Stock Exchange the "Application of Longxun Semiconductor (Hefei) Co., Ltd. to Withdraw the Application Documents for the Initial Public Offering and Listing on the Science and Technology Innovation Board" (Longxun Office [2021] No. 001) and the "Application of Hua'an Securities Co., Ltd. to Withdraw the Application Documents for the Initial Public Offering and Listing on the Science and Technology Innovation Board of Longxun Semiconductor (Hefei) Co., Ltd." (Huazheng Investment Bank [2021] No. 3), applying to withdraw the application documents.

In accordance with the relevant provisions of Article 67 of the "Shanghai Stock Exchange Science and Technology Innovation Board Stock Issuance and Listing Review Rules", the Shanghai Stock Exchange decided to terminate the review of Longxun Co., Ltd.'s initial public offering and listing on the Science and Technology Innovation Board.

Starting from October 26, 2020, the Shanghai Stock Exchange officially accepted Longxun Co., Ltd.'s IPO application on the Science and Technology Innovation Board. After three months, Longxun Co., Ltd.'s IPO on the Science and Technology Innovation Board was finally terminated.

It is understood that Longxun Semiconductor is a high-tech enterprise specializing in integrated circuit design. Its main business is the research, design and sales of high-definition video signal processing and high-speed signal transmission chips and related IP. After more than ten years of R&D and innovation accumulation, the company has developed a series of core technologies and chip products with independent intellectual property rights.

Longxun Semiconductor's products include two categories: high-definition video signal processing and high-speed signal transmission chips, with more than 130 specifications and models. They can support signal protocols or standards such as HDMI, DP/eDP, eDPx, USB/Type-C, MIPI, LVDS, etc. The product range is comprehensive and the performance, power consumption, compatibility and other aspects are at the forefront of the industry.

Longxun Semiconductor chips have entered the main chip reference design platforms of Qualcomm, Ambarella, Intel, Samsung, Rockchip, etc. Apple, Cisco, Polycom, Facebook, Logitech, Garmin, Foxconn, Skyworth, BOE, Oppo and other world-renowned customers have begun to choose the company's chip solutions, and some customers have already started small batches or formal batch production. The company's products have entered the supply chain system of well-known domestic and foreign customers such as Hikvision, Dahua Technology, and Luxshare Precision.

It is worth noting that the official website of the Shanghai Stock Exchange shows that, including Longxun Shares, 10 companies that planned to be listed on the Science and Technology Innovation Board have withdrawn their applications this year, including three semiconductor companies, namely Zhongke Jingshang, Ruixinwei and Longxun Shares.