Summary by Futu AI
Suzhou Baker Microelectronics Co., Ltd. (“Baker Micro”) announced that its stable price period for global sales ended on January 20, 2024, and no price stabilization actions were taken by the price stabilizer during that period. In addition, as no excess shares were distributed in the international offering, the exclusive overall coordinator did not exercise the overallotment option, which will expire on the same day. The Company confirms that at least 25% of its issued shares will be held by the public at the end of the period of price stabilization, in accordance with the requirements of the Listing Rules. The announcement was made on January 22, 2024 by Mr. Li Chen, the Chairman of the Company.