Core Points - Longpan Technology has completed a non-public issuance of 82.9786 million A-shares, approved by the China Securities Regulatory Commission, with the issuance completed in May 2022 [1] - The company has appointed CITIC Securities as the new sponsor for its upcoming issuance of A-shares, following the termination of the previous agreement with Guotai Junan Securities [2] - The ongoing supervision of the remaining funds from the previous issuance will now be handled by CITIC Securities, as Guotai Junan Securities will no longer fulfill its supervisory responsibilities [2] Group 1 - Longpan Technology's non-public issuance was approved by the China Securities Regulatory Commission under document number 621 in 2022 [1] - The company has a continuous supervision period until the remaining funds from the previous issuance are fully utilized [1] - The fourth board meeting and the fifth extraordinary shareholders' meeting in 2025 approved the issuance of A-shares to specific targets [1] Group 2 - CITIC Securities has been appointed as the new sponsor for the upcoming issuance, taking over from Guotai Junan Securities [2] - The transition of supervisory responsibilities from Guotai Junan to CITIC Securities has been formalized, with designated representatives assigned for the oversight [2] - The regulatory framework requires the termination of the previous sponsorship agreement when a new sponsor is appointed [2]