Tiangong Group's IPO application on the Beijing Stock Exchange has been approved.

On November 1st, Tiangong Technology's IPO application on the Beijing Stock Exchange met the issuance conditions and has successfully passed the review. This issuance is underwritten by Shenwan Hongyuan Group. As a leading industry player benefiting from the penetration of titanium alloy materials into the consumer electronics sector, Tiangong Technology has achieved sustained rapid growth in recent years. According to the prospectus, from 2021 to 2023, Tiangong Technology's operating income will reach 283 million yuan, 383 million yuan, and 1.035 billion yuan respectively, with year-on-year growth of 55.23%, 35.65%, and 170.05% respectively. During this period, the company's net profit attributable to shareholders will be 20.343 million yuan, 69.981 million yuan, and 170 million yuan respectively, with year-on-year growth of 67.87%, 244%, and 142.57%, achieving explosive growth in revenue and net profit.