Moore Threads said its board approved proposals related to issuing H shares and listing on the main board of the Hong Kong Stock Exchange. According to Odaily, the company plans to issue overseas listed foreign shares and apply for a main board listing in Hong Kong, with the timing and issuance window to be chosen within the period approved by shareholders or any extension agreed by shareholders.

The plan still requires shareholder approval and filing, approval, and/or consent from relevant government and regulatory authorities. The company said the details have not been finalized and there is significant uncertainty over whether the plan can be implemented.