Guangshengtang announced that the company recently received approval from the China Securities Regulatory Commission to register the company to issue shares to specific targets. The issuance shall be carried out in accordance with the application documents and issuance plan submitted to the Shenzhen Stock Exchange. The approval is valid for 12 months from the date of approval for registration. During the issuance period, if important matters occur in the company, they should promptly report to the Shenzhen Stock Exchange and deal with them in accordance with regulations. The board of directors of the company will handle relevant matters and fulfill the obligation to disclose information within the specified period.

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