Baby rabbit: The China Securities Regulatory Commission has approved Han High Group's IPO registration application.

On the evening of May 12th, Tubaobao announced that its wholly-owned subsidiary, Tubaobao Investment Company, participated in the initial public offering of shares of Hango Group, a joint-stock company, which has been approved by the Shenzhen Stock Exchange Listing Review Committee at its 7th meeting of 2025. Recently, the company received a notification from Hango Group that the China Securities Regulatory Commission has approved the registration application for the initial public offering of shares by Hango Group.