Shangtai Technology: Application for issuing convertible corporate bonds to unspecified objects has been approved and registered.

Shangtai Technology announced that it has recently received the approval from the China Securities Regulatory Commission for the registration of Shijiazhuang Shangtai Technology Co., Ltd. to issue convertible corporate bonds to unspecified objects. The company's registration application to issue convertible corporate bonds to unspecified objects has been approved. The issuance of this time shall be strictly implemented in accordance with the application documents submitted to the Shenzhen Stock Exchange and the issuance plan. This approval will be valid for 12 months from the date of registration approval.