Is Xinyihua a listed company?

No. The business cooperation between the company and Huawei is proceeding in an orderly manner. Xinyihua has no listing arrangement for the time being, and Xinyihua is not a listed company. A listed company refers to a joint stock limited company whose shares are listed and traded on a stock exchange. It must meet the statutory listing conditions and the listing conditions stipulated by the stock exchange, and its shares must be traded by public bidding on the stock exchange.