AXT's subsidiary Tongmei revised IPO application accepted by CSRC for review

AXT INC

On August 1, 2022, CSRC accepted Tongmei's revised preliminary IPO application for review.
Shanghai Stock Exchange had approved Tongmei's IPO application on July 12, 2022.
STAR Market IPO remains subject to CSRC and other approvals; no assurance of completion.
Tongmei shares in the IPO are not and will not be registered under the U.S. Securities Act.

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