Shenzhen EXC-LED Technology (300889.SZ)'s share issuance for asset acquisition approved for registration by the China Securities Regulatory Commission.

Shenzhen EXC-LED Technology (300889.SZ) announced that the company plans to issue shares and pay cash to the shareholders of Dongguan Guixiang Insulation Materials Co., Ltd. to acquire 100% equity of Dongguan Guixiang and raise supporting funds. The company recently received the "Approval Reply on the Registration of Shenzhen EXC-LED Technology Co., Ltd.'s Share Issuance for Asset Acquisition and Supporting Fundraising" issued by the China Securities Regulatory Commission, approving the company's registration application to issue shares to specific targets to purchase relevant assets, and approving the company's registration application to issue shares to raise supporting funds not exceeding 1.23 billion yuan.