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On September 9, Cambrian made an announcement stating that it had recently obtained the "Approval for Registration of Share Issuance to Specific Investors" from the China Securities Regulatory Commission (CSRC). This approval, formally titled "Approval for Registration of the Issuance of Shares to Specific Objects by China Science Cambrian Technology Co., Ltd.", sanctions the company's bid to register for a private share placement, with the approval remaining valid for a period of 12 months. Within this designated timeframe, the company will proceed with the necessary steps for the private placement, adhering strictly to pertinent laws, regulations, and the terms outlined in the approval documents. Additionally, Cambrian commits to fulfilling its information disclosure responsibilities in a timely manner.
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