Founder Technology's A-share issuance application advances through SSE review

Founder Technology Group Co., Ltd. announced today that its application for the non-public issuance of A-shares to specific subscribers for 2025 has been approved by the Shanghai Stock Exchange (SSE). The company received the "SSE Audit Opinion on Founder Technology Group Co., Ltd.'s Application for Non-public Issuance of Shares to Specific Subscribers" on November 3, 2025.

The SSE has determined that the company's application meets the issuance conditions, listing conditions, and information disclosure requirements. The SSE will now submit the application documents to the China Securities Regulatory Commission (CSRC) for registration.

It is important to note that the A-share issuance is still contingent on obtaining the CSRC's approval for registration. The timing of this decision remains uncertain. Founder Technology Group will continue to monitor the progress of this matter and fulfill its information disclosure obligations in a timely manner, urging investors to be aware of the associated investment risks.