AXT subsidiary Tongmei's revised STAR Market IPO application accepted for review by Shanghai Stock Exchange

AXT INC

On June 17, 2022, the Shanghai Stock Exchange accepted Tongmei's revised application for an IPO on the STAR Market.
AXT furnished the revised preliminary information document (PID), supplementary legal opinion (Ex-99.2), and audit inquiry letter (Ex-99.3).
The filing notes the IPO process is lengthy and there is no assurance of final approval by regulators.
Tongmei's shares are not registered under the U.S. Securities Act and cannot be offered or sold in the United States.
The disclosure was made under Item 7.01 Regulation FD and Item 9.01 Financial Statements and Exhibits of Form 8-K.

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