CSRC approves WorldUN Group's application for IPO on the Shenzhen Stock Exchange.

On December 12, the China Securities Regulatory Commission issued the reply on approving the initial public offering of shares of World Union Supply Chain Management Co., Ltd. It is reported that World Union shares are planned to be listed on the main board of the Shenzhen Stock Exchange, with CICC as its sponsoring institution, aiming to raise 708.42 million yuan. According to the prospectus, World Union focuses on providing customized, integrated, and embedded supply chain logistics solutions for multinational manufacturing enterprises. The company is committed to meeting the efficient, timely, and flexible supply chain management needs in customers' advanced production and manufacturing systems, providing comprehensive and integrated logistics services including transportation services, warehousing and management services, and customs clearance services, helping customers reduce production cycle, lower inventory costs, and improve production and operation efficiency. With years of experience accumulation, World Union has comprehensive competitive advantages, its customers cover leading enterprises in various manufacturing fields such as automobiles and packaging, and has established close cooperation relationships with leading enterprises in various fields including Beijing Benz, Maersk, Tetra Pak, Amcor, and Fanuc, building a good reputation and brand image in the market.