Zhitong Finance App News, Xinwei Medical-B (06609) issued an announcement. The board of directors recommended applying to the relevant Chinese regulatory authorities for allotment and issuance of no more than 7,025,592 A shares of the Company, and also proposed to apply to the Shanghai Stock Exchange for approval to list and trade A shares on the Science and Technology Innovation Board.

The issuance of A shares (including) is subject to approval by the Company's shareholders in a special resolution at the recent Extraordinary General Meeting of Shareholders of the Company, as well as approval by the China Securities Regulatory Commission and the Shanghai Stock Exchange.

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