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SmartSens (with the stock code 688213.SH) has made an announcement stating that it has recently secured approval from the China Securities Regulatory Commission for its registration application concerning the issuance of shares to specific entities. The quantity of shares to be issued on this occasion will not surpass 40,230,677, and the company has intentions to go public on the STAR Market of the Shanghai Stock Exchange. The funds raised through this issuance will be earmarked for the research and development endeavors, as well as industrialization projects, related to CIS solutions, including high-performance imaging, intelligent driving, and visual AI. Additionally, a portion of the funds will be utilized to bolster the company's working capital.
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