Chinese companies: Application for the issuance of A-shares to specific entities has been approved by the China Securities Regulatory Commission.

Chinese Enterprise announced that it has recently received approval from the China Securities Regulatory Commission for the registration of issuing shares to specific objects. The approval allows the company to carry out the registration application for issuing shares to specific objects strictly in accordance with the declaration documents and the issuance plan. The approval is valid for 12 months from the date of registration, and any major events that occur before the end of the issuance need to be reported to the Stock Exchange in a timely manner for handling. The company will handle relevant matters within the prescribed period and fulfill its information disclosure obligations.