On December 29, Chipower Technology (Stock Code: 688216.SH) made an announcement stating that it had received a review opinion from the Shanghai Stock Exchange. This opinion confirmed that the company's application for issuing shares to specific investors complied with all the necessary criteria for issuance, listing, and information disclosure. Following the receipt of the application documents, the Shanghai Stock Exchange will proceed to forward the application to the China Securities Regulatory Commission for registration. Nevertheless, it is still uncertain whether the registration will receive final approval and, if so, when that approval will be granted.
