The CSRC approves the Shanghai Stock Exchange IPO registration of Baolun Shares.

On November 6, the CSRC issued the "Reply on Approving the Registration of the Initial Public Offering of Guangdong Baolun Electronic Co., Ltd." It is reported that Baolun Shares plans to list on the main board of the Shanghai Stock Exchange, with GF SEC as its sponsor, and plans to raise RMB1.583 billion. The prospectus shows that Baolun Shares is an industry-leading provider of "sound, light, electricity, video, and communication" system solutions, mainly engaged in the research and development, production, and sales of professional audio-visual products such as public address systems, professional sound reinforcement systems, smart conference systems, display terminal systems, command and management systems, and lighting and illumination systems. Since its establishment in 2008, the company has deeply cultivated the professional audio-visual field, with "technology leadership, scenario deepening, and ecosystem co-construction" as its development strategy. It has now become a leading enterprise in China with a complete product line and a wide range of application scenarios, possessing one-stop service capabilities from product research and development and manufacturing to overall solution design and implementation.