Quectel Listed in the FTSE China A 400 Index

Since Quectel's IPO on July 16, 2019, the module vendor has seen a threefold rise in market value. According to the FTSE China Index Series quarterly review results announced by FTSE Russell, Quectel currently ranks amongst the 600 largest A-share companies by full market capitalization, and for this reason was selected as a constituent of the FTSE China A 400 Index. Since Quectel's IPO onJuly 16, 2019, the module vendor has seen a threefold rise in market value. According to the FTSE China...

Since Quectel's IPO on July 16, 2019, the module vendor has seen a threefold rise in market value. According to the FTSE China Index Series quarterly review results announced by FTSE Russell, Quectel currently ranks amongst the 600 largest A-share companies by full market capitalization, and for this reason was selected as a constituent of the FTSE China A 400 Index.

This move marks the second time that the module vendor was included in an index that facilitates foreign capital to trade its shares. Three months ago, the company was selected as a constituent of the SSE 380 Index, making it eligible for trading under the Shanghai-Hong Kong Stock Connect program.

An iconic name in the IoT module space, Quectel has continued to experience historic growth and business success over the years. This is largely attributable to its continuous innovations in cutting-edge technologies, such as 5G, artificial intelligence (AI), low-power wide-area (LPWA) and cellular vehicle-to-everything (C-V2X).

"I am pleased that our stock will be accessible for more investors. It is a recognition of what we have been doing to build a smarter world through IoT technologies," said Patrick Qian, Chairman and CEO of Quectel. "We will continue to push innovation so that we can deliver superior products and services to our worldwide customers."

About Quectel

Quectel is a leading global supplier of Cellular and GNSS modules, with a broad product portfolio covering the most recent wireless technologies of 5G, LTE/LTE-A, NB-IoT/LTE-M, UMTS/HSPA(+), GSM/GPRS and GNSS. For more information, visit Quectel's website, LinkedIn, Facebook and Twitter pages.

Ashley Liu
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