Liugang shares: The application to issue shares to specific objects in 2025 has been approved by the Shanghai Stock Exchange.

Liugang Corporation announced that on January 19th, they received the Shanghai Stock Exchange's review comments on the company's application to issue shares to specific entities through a simplified process in 2025. The application complies with issuance and listing conditions as well as information disclosure requirements. The Shanghai Stock Exchange will submit the registration to the China Securities Regulatory Commission. The issuance still requires approval and decision from the China Securities Regulatory Commission before it can be implemented. The final outcome and timeline are uncertain, and the company will disclose progress in accordance with regulations.