Huicheng International Holdings (01146): Shanghai Bijiao invested by Qingdao Huaxin Anchor has been successfully listed on the Stock Exchange

Zhitong Finance App News, Huicheng International Holdings (01146) issued an announcement. The Group recently received an announcement from its invested fund, Qingdao Huaxin Anchor Investment Center (Limited Partnership) (Qingdao Huaxin Anchor Point), that the shares of the company it invests in, Shanghai Bizao Technology Co., Ltd. (Shanghai Bi) were successfully listed (listed) on the main board of the Hong Kong Stock Exchange Limited on January 2, 2026.

Qingdao Huaxin Anchor is a limited partnership established under the laws of the People's Republic of China (China). Its general partner is Qingdao Anchor Technology Investment and Development Co., Ltd.

Shanghai Bizao was founded in China. The main business of Shanghai Bizao and its subsidiaries includes selling general purpose graphics processing unit (GPGPU) chips, intelligent computing solutions based on GPGPU to support artificial intelligence and related services, and mainly engaging in GPGPU related research and development activities in China and other regions.

After the listing was completed, the Group's shares held in Shanghai Bizao through Qingdao Huaxin Anchor, that is, 1,702.55 million shares of Shanghai Bizao common shares, accounting for about 0.07% of Shanghai Bizao's issued share capital, and were converted into H shares of Shanghai Bizao.

Based on the closing price of Shanghai Bizao H shares of HK$34.46 on January 2, 2026, the fair value of Shanghai Bizao shares held by the Group through Qingdao Huaxin Anchor is HK$586.69 million (equivalent to approximately RMB 52.9918 million). After deducting the Group's investment costs and related expenses, such investments will record a net return compared to the Group's initial investment costs in Qingdao Huaxin Anchors.