PR83395

SHANGHAI, March 23, 2020 /PRNewswire=KYODO JBN/ --

Quectel Wireless Solutions(https://www.quectel.com/), a leading global supplier

of Cellular and GNSS modules, is proud to announce that its stock has been

newly listed in the FTSE China A 400 Index. Inclusion in the index will allow

international investors to gain easier access to the company's A-shares on the

Shanghai Stock Exchange (SSE). The change took effect after the close of

trading on March 20, with the Stock Exchange Daily Official List (SEDOL) code

"BK6CY41".

FTSE China indexes are widely regarded by both domestic and international

investors as a leading measure of China's equities market. Nearly 60% of Assets

under Management (AuM) in globally issued China Exchange Traded Funds (ETFs)

track an FTSE China index according to FTSE Russell, the world's second-largest

index company.

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(https://www.quectel.com/product/)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(https://www.quectel.com/),

LinkedIn(https://www.linkedin.com/company/quectel-wireless-solutions/),

Facebook(https://www.facebook.com/quectelwireless/) and

Twitter(https://twitter.com/Quectel_IoT) pages.

Ashley Liu

media@quectel.com

Source: Quectel