LOPAL TECH Receives Regulatory Approval for Private Share Placement

Stock News04-01 07:20

LOPAL TECH (02465) has announced that the company recently received official approval from the China Securities Regulatory Commission for its application to issue A-shares to specific investors. The approval document, titled "Approval of the Application by Jiangsu LOPAL TECH Group Co., Ltd. to Issue Shares to Specific Objects" (CSRC Permit [2026] No. 548), outlines the following key points: First, the regulatory body has approved the company's application for the private share placement. Second, the issuance must be carried out strictly in accordance with the application documents and issuance plan submitted to the Shanghai Stock Exchange. Third, the approval is valid for a period of 12 months from the date of issuance. Fourth, if any significant events occur between the approval date and the completion of the share issuance, the company is required to report promptly to the Shanghai Stock Exchange and handle the matter according to relevant regulations.

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