China Securities Regulatory Commission approves ENet's application for Initial Public Offering on ChiNext, Shenzhen Stock Exchange.

On February 8th, the China Securities Regulatory Commission issued a reply approving the initial public offering registration of Shenzhen Huaqiang Industry Electronic Network Group Co., Ltd. (known as Electronic Network). Electronic Network plans to list on the Growth Enterprise Market of the Shenzhen Stock Exchange, with Shenwan Hongyuan Group Securities as the sponsor, and aims to raise 401.01 million yuan. According to the prospectus, Electronic Network is an industrial internet B2B comprehensive service provider focusing on the vertical industry chain of electronic components. The company is driven by digitization and directioned towards platformization. It provides professional global procurement services and comprehensive information services to participants in the industry chain, based on its online/offline integrated B-end operational capabilities. The company is committed to establishing efficient connections between electronic component supply and demand, reducing information asymmetry, and improving transaction efficiency and customer service levels in the electronic component industry chain. Targeting the vast market size of the vertical industry chain of electronic components, the company relies on its service-oriented and transaction-oriented capabilities. While steadily expanding its scale, it continuously improves its digitization and platformization capabilities, and seeks progressive innovation and development based on industry norms. Its goal is to become a platform-level enterprise in the electronic component industry internet. As a pioneer in the industrial internet of the electronic component vertical field, the company has accumulated tens of thousands of electronic component supply channels, has millions of registered users, and has aggregated tens of millions of SKUs. It has served well-known domestic and international customers such as BYD Company Limited, Hangzhou Hikvision Digital Technology, Shenzhen Topband, Guangzhou Haige Communications Group Incorporated, LITE-ON Group, and SCANFIL Group. It has established a good reputation, brand image, and enjoys a high industry visibility. The company has won honors such as "China's Top 100 B2B Enterprises," "Guangdong Province's Demonstration Enterprise in E-commerce," and "Guangdong Province's Top 100 E-commerce Enterprises."