Planned IPO of IQE Taiwan on TWSE

IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of compound semiconductor wafer products and advanced material solutions, is pleased to announce the planned initial public offering ('IPO') of the Group's Taiwanese operating subsidiary ('IQE Taiwan') on the Taiwan Stock Exchange ('TWSE').

The Group intends to list IQE Taiwan on the TWSE and to sell a minority shareholding through a public offering. It plans to retain control of IQE Taiwan and will continue to leverage its strategic value, with the proceeds of the public offering intended to be utilised across the Group to fund the growth strategy.

Whilst the process is currently at an early stage, IQE has engaged Taishin Securities Co. Ltd as its financial advisor to assist in preparing IQE Taiwan for the IPO. The IPO will be a two stage process, with the initial phase of listing on the Emerging Market Board expected in H1 2025, subject to usual regulatory procedures and requirements. Further transaction details and information regarding the process will be released as appropriate.

Americo Lemos, Chief Executive Officer of IQE, commented:

"This is an exciting opportunity for IQE and will accelerate the investment in our strategy for growth as we capitalise on the market opportunities ahead, including in GaN Power. A successful IPO of IQE Taiwan will allow us to maximise the value of our asset whilst continuing to offer a secure and resilient supply chain for our global customers."

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ABOUT TAISHIN SECURITIES CO. LTD

Taishin Securities is a comprehensive securities firm, with its business covering brokerage, proprietary trading, underwriting, and providing a fully functional electronic trading platform. It is integrated with the resources of Taishin Financial Holding to provide services through nearly 100 branches of Taishin Bank, with the goal of providing comprehensive and diversified financial management services. Taishin Securities has successfully helped 15 companies get listed (IPO) since 2022, the highest number in the industry.