Inovance Tech's subsidiary wins approval for GEM IPO

Shenzhen Inovance Technology (SZSE:300124) announced that its subsidiary, Suzhou Inovance United Power Systems Co., Ltd., has received approval from the Shenzhen Stock Exchange's Listing Review Committee for its initial public offering (IPO) and listing on the GEM. The approval was granted following the 11th meeting of the Shenzhen Stock Exchange's Listing Review Committee in 2025. While this marks a significant step, the IPO is still contingent upon final registration approval from the China Securities Regulatory Commission (CSRC). Inovance Technology cautioned investors about the uncertainties involved and advised them to exercise caution. The company pledged to fulfill its information disclosure obligations in accordance with regulations.