Xinwei Communications: Application for issuing shares to specific targets accepted by Shenzhen Stock Exchange

Xinwei Communication Announcement: The company recently received a notice issued by the Shenzhen Stock Exchange, titled “Notice on the Acceptance of the Application Documents for the Private Placement of Shares by Shenzhen Xinwei Communication Co., Ltd.” The Shenzhen Stock Exchange has reviewed the company’s submitted application documents for the private placement of shares to specific investors, determined that the application documents are complete, and decided to accept them. The company’s private placement of shares to specific investors is still subject to review by the Shenzhen Stock Exchange and obtaining approval for registration from the China Securities Regulatory Commission before it can be implemented. There remains uncertainty as to whether the Shenzhen Stock Exchange will approve the review and whether the China Securities Regulatory Commission will approve the registration, as well as the timing of those decisions.