Shengyi Electronics: The application to issue A shares to specific individuals in 2025 has been approved by the Shanghai Stock Exchange.

Shengyi Electronics announced that on May 20, 2026, the company received the review opinion issued by the Shanghai Stock Exchange. The company has applied to issue shares to specific targets that meet the issuance, listing conditions, and information disclosure requirements. The Shanghai Stock Exchange will submit the application documents to the China Securities Regulatory Commission after receiving them. The issuance still needs to be approved by the China Securities Regulatory Commission before it can be implemented. The final approval and timing are uncertain, and the company will disclose any progress in a timely manner.