Huidetech: Application to issue stocks to specific investors approved by the China Securities Regulatory Commission.

Huides Technology announced that it has recently received approval from the China Securities Regulatory Commission for the issuance of stocks to specific entities. The approval allows the company to apply for the registration of issuing stocks to specific entities, and it requires the implementation of the submitted application documents and issuance plans within a validity period of 12 months. In case of any major events before the issuance is completed, the company should report to the Shanghai Stock Exchange in a timely manner and handle the situation accordingly. The company will process the relevant matters within the specified timeframe and disclose information promptly.