Pan-Asia Micro-Penetration (688386.SH) applied for the issuance of shares to specific targets and was approved by the Shanghai Stock Exchange.

China Fortune Financial News APP, Fan Asia Micro Permeable (688386.SH) announced that the company received a notice from the Shanghai Stock Exchange on December 19, 2025, regarding the exchange's review opinion on Jiangsu Fan Asia Micro Permeable Technology Co., Ltd.'s issuance of stocks to specific entities. The specific review opinions are as follows: "Jiangsu Fan Asia Micro Permeable Technology Co., Ltd.'s application to issue stocks to specific entities meets the issuance conditions, listing requirements, and information disclosure requirements. Our exchange will submit the application documents to the China Securities Regulatory Commission upon receiving them from your company."