On December 12, the Listing Review Committee of the Shenzhen Stock Exchange made a public announcement, stating that Chengdu Hongming Electronics Co., Ltd. had successfully navigated through its initial public offering (IPO) review process. (Here, "passed its initial public offering" is translated and adjusted to "successfully navigated through its initial public offering review process" to better convey the meaning in English. The IPO process involves multiple steps, and "passing" can be a bit ambiguous. "Successfully navigating through the review process" more accurately describes that the company has met the necessary requirements and obtained approval to proceed with the IPO.)
