Gpixel Changchun Microelectronics Inc. Announces Exemption from 2025 Annual Report Requirement

Key Highlights

• Exemption from Annual Report Distribution: Gpixel Changchun Microelectronics Inc. (“the Company”) has officially announced that it will not be distributing a separate annual report to its shareholders for the year ended December 31, 2025, as typically required under Rule 13.46(2) of the Hong Kong Listing Rules.
• Financial Information Already Disclosed: The Company clarified that all financial results and information for the year ended December 31, 2025, have already been fully included in its prospectus dated April 9, 2026.
• Regulatory Compliance: The Company’s exemption is in compliance with the Listing Rules, its Articles of Association, PRC laws and regulations, and other regulatory requirements. There are no breaches arising from not issuing a separate annual report.
• Corporate Governance Statement: The Company has confirmed compliance with the applicable code provisions of the Corporate Governance Code as outlined in the Listing Rules. Where there are deviations, explanations have been provided in the prospectus.
• Access to Information: Shareholders and investors can access the full financial results for 2025 in the prospectus, which is available on both the Hong Kong Stock Exchange website (www.hkexnews.hk) and the Company’s official website (www.gpixel.com).

Details for Shareholders and Potential Investors

Gpixel’s decision not to issue a separate annual report for 2025 is significant for shareholders and investors, as it directly concerns the availability and dissemination of critical financial information. The Company has preemptively included all required annual financial disclosures within its April 2026 prospectus, thus fulfilling its regulatory obligations without the need for an additional annual report.

Potential Price Sensitivity:

• Investors should note that the exemption does not result in any reduction in the transparency or quality of financial disclosure, as all the necessary financial information is already publicly available in the prospectus.
• The announcement may affect investor sentiment in the short term, as some may prefer the traditional format of an annual report. However, the Company has clearly stated that this exemption is fully compliant with both Hong Kong and PRC regulations and does not signal any irregularity or omission of material financial information.

The Company’s Board of Directors, as of the announcement date, is composed of a mix of executive, non-executive, and independent non-executive directors, ensuring a diverse and balanced governance structure.

What Investors Need to Do

• Shareholders are advised to refer to the Company’s prospectus for all financial details relating to the year ended December 31, 2025.
• No separate annual report will be sent by post or made available in any other format for the 2025 financial year.
• Investors should continue to monitor the Company’s disclosures for any further updates or changes to reporting practices.

Conclusion

While the exemption from preparing and distributing a traditional annual report for 2025 is unusual, it does not represent any withholding of financial information or lack of transparency. All material information remains accessible, and the Company’s compliance with all relevant regulations should reassure investors regarding the integrity of its disclosures. However, as reporting practices can influence market perceptions, shareholders and potential investors should review the prospectus carefully and remain attentive to any further communications from the Company.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence or consult professional advisers before making any investment decisions based on this information. The author and publisher are not responsible for any losses incurred as a result of reliance on this information.

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