Hongda Electronics has officially announced that the Shenzhen Stock Exchange's Listing Review Committee has given the green light to the Initial Public Offering (IPO) application of its affiliated company, Jiangsu Zhanxin Semiconductor Technology Co., Ltd., for listing on the ChiNext market. As of the time of this announcement, Hongda Electronics, through its intermediary Yixin Yiyi, indirectly holds 51,023,600 shares in Jiangsu Zhanxin. This stake represents 13.79% of Jiangsu Zhanxin's total share capital prior to the issuance, and the shareholding ratio will remain unchanged post-issuance. The company clarified that this development will not have a material impact on its current financial statements. However, it is important to note that the subsequent registration procedures with the China Securities Regulatory Commission (CSRC) are still pending, and the final outcome remains uncertain.