Tian Yuan Securities helped Suzhou Novosense (stock code 688052.SH, 02676.HK), a leading analog chip manufacturer, successfully complete its listing on the Main Board of the Hong Kong Stock Exchange on December 8, 2025, becoming the first “A+H” automotive - grade analog chip company to list. Novosense offered 19,068,400 shares globally, raising approximately HK$2.212 billion. China International Capital Corporation (Hong Kong) Securities Limited, CITIC Securities (Hong Kong) Limited, and CCB International Capital Corporation Limited served as the joint sponsors for this listing. As the first company from Jiangsu Province to list on the Hong Kong Stock Exchange's STAR Market, Novosense attracted a strong lineup of cornerstone investors and is also the first analog chip design company to receive the National Integrated Circuit Industry Investment Fund as a cornerstone investor, demonstrating the company's key position in the national semiconductor strategic layout.

in 2013, Novosense is a high-performance, high-reliability analog and mixed-signal chip company. The company focuses on three main areas: sensors, signal chains, and power management, providing a wide range of semiconductor products and solutions for the automotive, industrial, information and communication, and consumer electronics sectors. Based on analog chip revenue in 2024, Novosense ranked first among Chinese companies in the Chinese automotive analog chip market and second among all fabless companies. Among the top ten analog chip manufacturers in China, Novosense is the only company that simultaneously focuses on sensor products, signal chain chips, and power management chips, providing customers with highly integrated one-stop solutions.

As the joint sponsors and underwriters' legal counsel in China, Tian Yuan, with its extensive experience in the capital market and its efficient and high-quality service standards, combined with its profound understanding of the characteristics and regulatory developments of the chip and semiconductor industry over the years, assisted the sponsors in successfully executing the project and provided solid and professional Chinese legal services for the successful listing of Novosense in Hong Kong, winning unanimous recognition from all parties.

was completed by a team comprised of senior partners Piao Yu and Yang Huipeng, partner Liu Yihui, and lawyers Gao Guolun, Xu Zhiyuan, Yuan Gongwei, Liu Weilun, and Zheng Qianhao.