Huafeng Test & Control convertible bond plan gets Shanghai exchange approval

Beijing Huafeng Test & Control Technology Co., Ltd. announced that its application to issue convertible corporate bonds to unspecified investors has been approved by the Shanghai Stock Exchange's Listing Review Committee. The committee concluded that the company's application meets the issuance, listing, and information disclosure requirements.

This approval marks a crucial milestone for the company's financing plans. However, the proposed issuance is still contingent on obtaining a registration decision from the China Securities Regulatory Commission (CSRC). The company noted that the timing and ultimate approval from the CSRC remain uncertain.

Beijing Huafeng Test & Control Technology Co., Ltd. emphasized its commitment to timely information disclosure regarding the progress of this matter and advised investors to be aware of potential investment risks.