水发燃气：定增申请获上交所审核通过

Core Viewpoint - The company has received approval from the Shanghai Stock Exchange for its application to issue shares to specific investors, pending final registration from the China Securities Regulatory Commission [1] Group 1: Company Actions - The company announced that it received the Shanghai Stock Exchange's review opinion on November 14, 2025, regarding its application to issue shares to specific investors [1] - The issuance of shares is subject to the approval of the China Securities Regulatory Commission, which introduces uncertainty regarding the timing and outcome of the registration [1] Group 2: Regulatory Process - The Shanghai Stock Exchange believes that the company's application meets the conditions for issuance, listing, and information disclosure requirements [1] - The company will fulfill its information disclosure obligations based on the progress of the application [1]