Grandway Advised SEICHI on IPO Project Approved by the Listing Committee of SSE STAR Market

On November 16, 2022, SEICHI Technologies Shenzhen Limited (“SEICHI”) was approved by the 89th meeting of the Listing Committee of SSE STAR Market in 2022 for initial public offering of shares and listing on the SSE STAR Market.

Founded in 2011, SEICHI is mainly engaged in R&D, production and sales of new display device testing equipment, and is a provider of testing equipment and system solutions. SEICHI has formed a series of core technologies with independent intellectual property rights in optical inspection, correction and repair by combining the technical requirements of the display parts inspection industry and the characteristics of customer needs. The core products have been applied in batch in the manufacturing lines of mainstream new display device manufacturers, including Visionox, TCL Technology, BOE, Tianma, etc.

SEICHI intends to issue not more than 23,502,939 shares to raise RMB 600 million for the new generation of display device testing equipment R&D project, the new generation of semiconductor memory device testing equipment R&D project and to supply working capital, which will help enrich the new display device and semiconductor memory device testing/testing solutions and enhance the core competitiveness of the company.