CSRC agrees to Taehong Wanli's application for IPO registration on the Shanghai Stock Exchange main board.

On November 29, the China Securities Regulatory Commission announced its approval of Zhejiang Taihong Wanli Technology Co., Ltd. (referred to as Taihong Wanli) for its initial public offering of stocks. It is reported that Taihong Wanli plans to list on the Shanghai Stock Exchange, with Orient as the IPO sponsor, aiming to raise 1.15 billion yuan. According to the prospectus, Taihong Wanli's main business is the research and development, production, and sales of automotive structural and functional components. After years of hard work, the company has developed two major product systems centered around structural and functional components. The company has become a first-tier supplier for many well-known domestic and foreign automakers or brands such as GEELY AUTO, Great Wall Motor, Volvo, SAIC Motor Corporation, Guangzhou Automobile Group, General Motors Wuling, Jiangling Motors Corporation, Lynk & Co, and has entered the supply chain system of Geely Group's vast, CMA, PMA platforms, as well as Great Wall Motor's A30, B30, and ES11 platforms. It has actively expanded cooperation in the field of new energy vehicles with TS Company, Jinkai Auto, Ideal Auto, NIO, LEAPMOTOR, X Company, and has become their first-tier supplier. It is also a supporting partner for well-known component suppliers such as Contemporary Amperex Technology, Wuxi Zhenhua Auto Parts, Haistamp, and Saikeli.