New Frontier Corporation (688257.SH) has applied for and received approval from the China Securities Regulatory Commission to issue A shares to specific investors.

Zhixun Finance News APP, New Ray Shares (688257.SH) announced that the company recently received the approval from the China Securities Regulatory Commission for the registration of issuing stocks to specific parties ("Approval for the issuance of stocks to specific objects by Suzhou New Ray Alloy Tools Co., Ltd." (SFC License [2026] No. 1689)), approving the company's registration application for issuing stocks to specific objects.