Excellent new energy (688196.SH) has applied to the China Securities Regulatory Commission for approval to issue shares to specific entities and has obtained approval.

Soochow Securities News APP reported that Zoyue New Energy (688196.SH) issued an announcement stating that on September 29, 2025, the company received the approval from the China Securities Regulatory Commission for the issuance of shares to specific parties by Longyan Zoyue New Energy Co., Ltd. (Approval No. [2025]2159), allowing the company to proceed with the registration application for the issuance of shares to specific parties.