On June 18, Huahai Qingke made an announcement stating that on June 17, it had received the 'Notice on the Acceptance of the Securities Issuance Application from Huahai Qingke Co., Ltd., a Listed Company on the Science and Technology Innovation Board (STAR Market),' issued by the Shanghai Stock Exchange. According to the notice, the Shanghai Stock Exchange has determined that the application documents submitted by Huahai Qingke are complete and adhere to all statutory requirements. Consequently, the exchange has decided to proceed with the acceptance and review process. It's important to note that the actual issuance of shares will be contingent upon the successful review by the Shanghai Stock Exchange and the subsequent approval for registration from the China Securities Regulatory Commission. As such, there remains an element of uncertainty until these processes are finalized.