BlockBeats News, August 9th - Moore Thread announced that the company held a board meeting to review and approve the proposal to issue H shares and list on the Main Board of the Hong Kong Stock Exchange. The company plans to issue offshore-listed foreign shares (H shares) and apply for a listing on the HKEX Main Board. The timing for this issuance and listing will be determined during the validity period of the shareholders' resolution or any other extended period as agreed by the shareholders.

This issuance is subject to approval at the shareholders' meeting and requires filing, approval, and/or authorization from relevant government and regulatory authorities. The specific details are currently undetermined, and there is significant uncertainty regarding whether it can be implemented.

Moore Thread is a domestic Chinese semiconductor company focusing on the independent research and design of full-function GPUs (Graphics Processing Units).