Core Points - The company has received approval from the China Securities Regulatory Commission for a non-public issuance of up to 46,633,418 A-shares, which was completed in April 2021 [1] - The company has appointed Guotai Junan Securities as the new sponsor for its upcoming issuance of A-shares, following the expiration of the previous sponsor's supervision period [1][2] - The previous sponsor, Shenwan Hongyuan, will transfer its ongoing supervisory responsibilities to Guotai Junan [2] Group 1 - The company expressed gratitude to Shenwan Hongyuan and its project team for their work [3] - The new sponsor representatives, Yang Fan and Fang Liang, have extensive experience in investment banking and have participated in various IPO and private placement projects [4]