Zhejiang Xiantong: Approval Granted for Stock Issuance to Specific Targets by the China Securities Regulatory Commission

Zhejiang Xiantong Announcement: The company recently received the approval from the China Securities Regulatory Commission regarding the registration of Zhejiang Xiantong Rubber and Plastic Co., Ltd. for issuing shares to specific targets. The application for the registration to issue shares to specific targets has been approved, and the approval is valid for 12 months from the date of registration consent.