FOUNDERTECH(SH:600601) Xin Lang Cai Jing·2025-09-26 12:58Core Points - Fangzheng Technology announced on September 27 that it received an inquiry letter from the Shanghai Stock Exchange regarding its application for a specific issuance of A-shares on September 5, 2025 [1] - The inquiry pertains to the review of the application documents for the issuance of A-shares to specific investors for the fiscal year 2025 [1] - Fangzheng Technology, along with relevant intermediaries, is conducting thorough research on the inquiries and has provided explanations and updates to the application documents, which have been disclosed on the Shanghai Stock Exchange website [1] Regulatory Process - The issuance of A-shares to specific investors is subject to approval from the Shanghai Stock Exchange and requires consent from the China Securities Regulatory Commission (CSRC) before implementation [1] - There is uncertainty regarding whether the application will pass the review by the Shanghai Stock Exchange and receive the CSRC's approval, as well as the timeline for such decisions [1] - The company will fulfill its information disclosure obligations and remind investors to be aware of investment risks [1]