The China Securities Regulatory Commission (CSRC) has granted approval to Shenzhen Sipini Precision Technology Co., Ltd. for the issuance of up to 18,486,250 overseas-listed ordinary shares, paving the way for its listing on the Hong Kong Stock Exchange. Concurrently, 22 shareholders of the company have announced their intention to convert their holdings of 48,225,000 domestic unlisted shares into overseas-listed shares, facilitating their circulation in the international market.