New Stock News | Fosh backbay Technology Stock IPO and domestic unlisted shares "fully tradable" approved by the China Securities Regulatory Commission

On July 3rd, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Filing for Overseas Issuance and Listing of Unlisted Shares 'Full Circulation' of Ningbo Feish Technology Co., Ltd." Feish Technology plans to issue no more than 32,290,800 shares of ordinary shares for overseas listing and listing on the Hong Kong Stock Exchange. Nineteen shareholders of the company plan to convert a total of 115,738,249 unlisted domestic shares into overseas listed shares and list them on the Hong Kong Stock Exchange for circulation. The prospectus shows that Feish Technology was established in 2001 and is a well-known enterprise in the Chinese electric drive solution market with business presence overseas. The company provides comprehensive and customized electric drive systems and solutions for various applications globally. Feish Technology's products and solutions have been widely used in multiple basic industrial sectors. The company's electric drive solutions have been widely applied in two core areas: industrial control and new energy vehicles. The industrial control sector has various application scenarios, which can be further divided into special precision electric drive systems and industrial automation solutions. The company is also actively expanding into new generation technologies such as Siasun Robot&Automation, enabling innovation through precision motion control. Below are the names and quantities of shareholders participating in the "Full Circulation" process: