On December 15, the official website of the China Securities Regulatory Commission (CSRC) revealed that Biren Technology, a prominent GPU chip manufacturer headquartered in Shanghai, has obtained approval for its overseas issuance and listing application. This approval also encompasses the "full circulation" of its unlisted domestic shares. Biren Technology has outlined plans to issue up to 372,458,000 ordinary shares for its overseas listing, with the intention of going public on the Hong Kong Stock Exchange. Additionally, 57 of its shareholders have expressed their intent to convert a cumulative total of 873,272,024 unlisted domestic shares into overseas-listed shares, which will then be listed and traded on the Hong Kong Stock Exchange.
