FTSE Russell approves fast-track IPO inclusion rule revision.

FTSE Russell has stated that the market consultation on the rules for rapid listing of IPOs and adjustments to the minimum entry threshold for indices has received widespread industry support. The Corporate Governance Committee has approved revisions to the relevant preparation rules, with the new rules taking immediate effect. The specific contents are as follows: 1. If the market value of the first publicly traded stocks is higher than the market total market value critical value set in the last constituent stock adjustment of the Russell 500 Index, they can apply for rapid inclusion in the index. The critical value of market value designated in the semi-annual constituent stock adjustment will be recalibrated every quarter based on market conditions. 2. The market value of investable stocks is calculated based on the number of shares in circulation at the time of the IPO and the closing stock price on the first trading day. 3. IPO targets with a circulating share percentage or voting rights of less than 5% due to share lock-up restrictions, if the relevant indicators meet the criteria within 12 months from the date of inclusion in the index after the lock-up period is lifted, can still be considered to meet the entry requirements. 4. IPO targets that meet the rapid inclusion criteria will be formally included in the index after the close of trading on the fifth trading day after listing.