CSRC approves Hanhigh Group's IPO registration on the Shenzhen Stock Exchange main board.

On May 9, the China Securities Regulatory Commission released the "Approval for the Initial Public Offering of Shares of Hangao Group Co., Ltd.". It is reported that Hangao Group plans to list on the Shenzhen Stock Exchange main board, with Guotai Haitong as the sponsor, aiming to raise 420 million yuan. According to the prospectus, Hangao Group is mainly engaged in the research, design, production, and sales of home hardware and outdoor furniture products. It integrates diversified original designs with high-quality products, dedicated to providing customers with exquisite, well-crafted, and practical home storage hardware, basic hardware, kitchen and bathroom hardware, and outdoor furniture products. The company's products have a wide coverage and are widely used in various downstream applications including kitchens, bathrooms, bedrooms, dining rooms, and courtyards. The company sells its products domestically and overseas through a combination of distribution and direct sales, as well as online and offline channels, to meet the diverse needs of domestic and foreign customers, laying a solid foundation for the company's sustainable development.