The China Securities Regulatory Commission has approved the application by Yunhan Semiconductor for an IPO on the ChiNext board.

On July 31st, the China Securities Regulatory Commission issued the "Approval for the Initial Public Offering of Shares of Yunhan Xincheng (Shanghai) Internet Technology Co., Ltd.". It is reported that Yunhan Xincheng intends to list on the ChiNext board of the Shenzhen Stock Exchange, with Sinolink as its sponsor institution, aiming to raise 521.59 million yuan. The prospectus shows that Yunhan Xincheng is an innovative high-tech enterprise integrating electronic component distribution and industrial Internet development, focusing on the research, development, production, and procurement of small batch electronic components in the electronic manufacturing industry. By effectively using digital technology and internet technology, the company, based on its self-operated Yunhan Xincheng B2B online mall, mainly provides efficient and professional one-stop electronic component supply chain services for the electronic manufacturing industry, extending to various areas including product technology solution design, PCBA production manufacturing services, and electronic engineer technical support. Its subsidiary, Shenzhen Hanyun, has a CNAS-certified electronic component testing laboratory.