After the new regulations on refinancing, the approval process has accelerated, and Suterson's private placement only took 15 working days from acceptance to submission for registration.
On May 19, Sitwee submitted a stock issuance project to specific objects for registration. The project was accepted on April 24, 2026, and it took 25 days from acceptance to registration, only 15 working days. Since the release of the comprehensive measures for optimizing refinancing on February 9, the Shanghai stock market has added 62 listed companies disclosing refinancing plans, a year-on-year increase of 130%, with a total planned financing amount of 117.383 billion yuan, a year-on-year increase of 158%; 38 new refinancing projects have been accepted, a year-on-year increase of 11.76%, with an expected financing amount of 65.223 billion yuan, a year-on-year increase of 15.33%. Of the projects accepted by the Shanghai Stock Exchange after February 9, 7 have already passed the exchange's audit.
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