YuanChuang Group and New Guangyi have successfully obtained approval for their IPO on the Shenzhen Stock Exchange.

According to the Securities Times app, on September 19th, Yuanchuang Technology Co., Ltd. and Suzhou Xinguangyi Electronics Co., Ltd. (referred to as Yuanchuang and Xinguangyi respectively) passed the IPO review at the Shenzhen Stock Exchange Listing Committee. Yuanchuang's sponsor institution is Guotai Junan Securities, with a planned fundraising of 485.13 million yuan; Xinguangyi's sponsor institution is Citic Securities, with a planned fundraising of 638.38 million yuan.