On March 1 day, the CSRC approved the initial applications of eight enterprises according to legal procedures.

Among them, there are 3 Shanghai Stock Exchanges (Qingdao Compton Technology Co., Ltd., Guangzhou Baiyun Electrical Equipment Co., Ltd. and Jiangsu Saifutian Cable Co., Ltd.).

There are 2 small and medium-sized boards in Shenzhen Stock Exchange (Guangdong Jianlang Hardware Products Co., Ltd. and Guangdong Tongyu Communication Co., Ltd.).

There are 3 GEM companies (Shenzhen Mingjiahui Technology Co., Ltd., Changsha Jingjia Microelectronics Co., Ltd. and Shenzhen Lanhai Hua Teng Technology Co., Ltd.). Shenzhen Blue Ocean Hua Teng Technology Co., Ltd. is directly priced and issued.

The above-mentioned enterprises and their underwriters will negotiate with the Shanghai and Shenzhen Stock Exchanges to determine the issuance schedule and publish the prospectus documents one after another. The total amount of funds raised by the above eight enterprises is not expected to exceed 4 billion yuan.