China Securities Regulatory Commission (CSRC) approves Jiachi Technology's registration for the science and technology innovation board IPO.

On August 30, the China Securities Regulatory Commission approved the registration application of Chengdu Jiachi Electronic Technology Co., Ltd. (hereinafter referred to as "Jiachi Technology") for the initial public offering of shares and listing on the Sci-Tech Innovation Board. It is reported that Jiachi Technology plans to raise 1.245 billion yuan. According to the prospectus, Jiachi Technology is a leading domestic provider of electromagnetic functional materials and structures (EMMS), committed to leading and promoting the development of EMMS technology in China and contributing to the development of national defense security and electronic information industry. EMMS is a key basic material for solving the stealth and electromagnetic compatibility of high-tech weapons and equipment in national defense and the integration of civil electronic information products, with significant demand in national defense security and civil electronic information industries. Jiachi Technology focuses on the mainstream products and cutting-edge technologies in the development of the EMMS industry, adheres to independent innovation, breaks through foreign technology blockades, achieves independent controllability, and comprehensively covers the design, manufacturing, testing, sales, and services of products including stealth functional coating materials, stealth functional structural components, and electromagnetic compatibility materials in the electronic information field. The EMMS products provided by the company have significant technological advantages and characteristics in low-frequency ultra-wideband, multi-spectrum compatibility, thin and lightweight aspects within the industry.