Tozed Kangwei Successfully Listed on the Shenzhen Stock Exchange

On October 22, 2026, Guangzhou Tozed Kangwei Technology Co., Ltd. (Stock Name: Tozed Kangwei; Stock Code: SZ 301718) was officially listed on the ChiNext Market of the Shenzhen Stock Exchange. Government leaders from Guangzhou, representatives of the Guangzhou Municipal Financial Affairs Office, officials from the Nansha District Government, and representatives of CITIC Securities attended the listing ceremony and delivered remarks. Chairman Hou Yuqing and President Shan Jianxin, together with the company's management team, attended the ceremony. Representatives of customers, supplier partners, and employees joined in witnessing this important milestone.

Tozed Kangwei issued 36.45 million new shares at RMB 26.88 per share, raising approximately RMB 980 million. The proceeds will be used to establish an R&D and operations center, upgrade the global marketing and service network, develop R&D platforms, and supplement working capital. These investments will further strengthen the company's fundamental technological innovation capabilities. Enhancing its overseas marketing and service network will also help consolidate its global market position, bring the company closer to the needs of international telecom operators, and improve localized service capabilities.

Chairman Hou Yuqing stated that since its establishment in 2019, the company has consistently aligned its development with China's national telecommunications industry strategy. It is now steadily entering a new phase focused on deepening its presence in 5G while preparing for 6G. Having navigated the evolution of mobile communications technology from 2G through 5G, the company's core team launched its first 5G CPE product powered by a domestically developed chipset in 2020. Tozed Kangwei has established long-term, stable partnerships with leading telecom operators in China and overseas and has grown into a highly influential global supplier of 5G FWA CPE solutions. This foundation positions the company to contribute to the future commercialization of 6G technologies.

Tozed Kangwei specializes in the design, R&D, manufacturing, and sales of broadband connectivity terminal equipment under its proprietary product series. Guided by its strategy of bringing technology-driven consumer products to international markets, the company offers a broad portfolio covering CPE devices, portable connectivity devices, and industrial electronics. These products serve a wide range of applications across residential, enterprise, commercial, and industrial settings, with global telecom operators as its primary customers.

Ranked seventh globally among 5G FWA CPE suppliers in terms of competitiveness, Tozed Kangwei is the only mainland Chinese broadband connectivity terminal equipment provider outside Huawei and ZTE to rank among the world's top 10. As an innovation-driven enterprise, the company closely monitors shifts in the global telecommunications landscape and capitalizes on technological and market opportunities arising from successive generations of mobile communications standards. It remains committed to R&D-led growth and the industrialization of technology for overseas markets. By building product technology platforms based on leading domestic and international communications chipsets, the company has expanded its sales reach to more than 80 countries and regions worldwide.

Tozed Kangwei has been recognized as a National-Level Key Specialized and Sophisticated “Little Giant” Enterprise, a National High-Tech Enterprise, and a Guangdong Provincial Manufacturing Single-Item Champion Enterprise. It has established the Guangdong Provincial Engineering Technology Research Center for 5G CPE and Wireless Routers, a Guangdong Provincial Postdoctoral Research Station, and a Guangdong Provincial Enterprise Technology Center. The company possesses multiple core technologies spanning communications module and complete-device design, multi-layer software development, network optimization, and data processing. It has also developed a multi-chipset application technology framework centered on domestically developed chipsets.

Built around a product portfolio that combines strong core offerings, comprehensive product series, and continuous innovation, Tozed Kangwei's products have reached more than 80 countries and regions, serving nearly 10 million households in China and overseas. The company provides users worldwide with reliable connectivity that enables richer digital experiences and a smarter future.

Its key customers include major telecom operators worldwide, such as EITC, Ooredoo, MTN, Airtel, Vodafone, Axiata, and Orange, as well as China Mobile, China Unicom, and China Telecom. The company has established long-term, stable partnerships with these operators.

The proceeds from the listing will be allocated to the R&D and Operations Center and IT Infrastructure Project, the Global Marketing and Service Network Development Project, and supplementary working capital. These investments will further strengthen the company's underlying R&D and service capabilities, leveraging capital to accelerate core technology breakthroughs and deepen its presence in global markets.

Chairman Hou Yuqing emphasized that the listing is not the end of the company's journey, but the beginning of a new chapter. Tozed Kangwei will continue to increase R&D investment, proactively develop technologies related to 5G-Advanced (5G-A) and 6G, and strive to become a leading global provider of broadband connectivity terminal equipment and intelligent solutions. At the same time, the company will continue to strengthen corporate governance, ensure transparent and compliant information disclosure, and deliver sustainable performance to honor the trust of its investors.