FONLENT Intelligence (301368.SZ) has applied to issue stocks to specific targets and has obtained approval from the China Securities Regulatory Commission.

"Zhtng Finance APP News, Fengli Intelligent (301368.SZ) issued an announcement. The company recently received the approval from the China Securities Regulatory Commission for the registration of the issuance of stocks to specific entities. The approval allows the company to proceed with the registration application for issuing stocks to specific entities."