Jinxin Technology Holding Company (NAMI) Initial Public Offering Announcement

Jinxin Technology Holding Company (NAMI), a pioneering digital content service provider in China, has announced the pricing of its initial public offering (the "Offering") of 1,250,000 American Depositary Shares ("ADSs") at a public price of US$4.00 per ADS. Each ADS represents eighteen (18) ordinary shares of the Company. The ADSs are approved for listing on The Nasdaq Capital Market and are expected to begin trading on December 06, 2024, under the ticker symbol "NAMI".

The Company anticipates receiving aggregate gross proceeds of US$5 million from the Offering, before deducting underwriting discounts and related expenses. Additionally, the underwriters have been granted a 60-day option to purchase up to an extra 187,500 ADSs at the initial public offering price, minus underwriting discounts. The Offering is expected to close around December 09, 2024, subject to customary closing conditions.

Net proceeds from the Offering will be allocated towards:
(i) Product and content development;
(ii) Sales and marketing and brand promotions;
(iii) Recruitment of experienced personnel;
(iv) Other general corporate purposes, including potential strategic investments and acquisitions to enhance the Company’s technological capabilities and ecosystem.

Underwriters: Craft Capital Management LLC and WestPark Capital, Inc. are acting as representatives for the Offering, with R. F. Lafferty & Co., Inc. as an underwriter. Kirkland & Ellis International LLP serves as U.S. counsel for the Company, while Hunter Taubman Fischer & Li LLC acts as U.S. counsel for the Underwriters.

Registration statements on Form F-1 regarding the Offering were filed with the Securities and Exchange Commission (SEC) (File Numbers: 333-273884 and 333-278897) and were declared effective by the SEC on September 30, 2024. The Offering will be conducted solely via a prospectus that is part of the registration statement. Copies of the prospectus can be requested from:
– Craft Capital Management LLC
377 Oak St, Lower Concourse, Garden City, NY 11530
info@craftcm.com
+1 800-550-8411
– WestPark Capital, Inc.
1800 Century Park East, Suite 220, Los Angeles, CA 90067
jstern@wpcapital.com
+1-310-843-9300
– R.F. Lafferty & Co., Inc.
40 Wall Street, 27th Floor, New York, NY 10005
info@rflafferty.com
+1-212-293-9090

Additionally, copies of the prospectus can be accessed through the SEC's website at www.sec.gov.

Before investing, please read the registration statement, preliminary prospectus, final prospectus, and other documents filed with the SEC for comprehensive information regarding the Company and the Offering. This press release does not constitute an offer to sell or a solicitation of offers to purchase any of the Company’s securities, nor shall such securities be offered or sold in the U.S. without registration or an applicable exemption from registration, or in any state or jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.