①The Shanghai Stock Exchange Listing Review Committee approved Aotuo Technology’s IPO application for the Sci-Tech Innovation Board. ②Aotuo Technology’s IPO application for the Sci-Tech Innovation Board was accepted in March 2025, making it the first IPO project accepted by the Shanghai and Shenzhen stock exchanges this year. The process included two rounds of inquiries, and it took about one and a half years from acceptance to approval.

On September 7, 2026, the Listing Examination Committee of the Shanghai Stock Exchange approved Aotuo Technology’s application for the initial public offering on the Sci-Tech Innovation Board. The application was accepted in March 2025, making it the first IPO by either the Shanghai or Shenzhen exchanges this year. It took approximately one and a half years from acceptance to approval. The company plans to adjust the originally planned fundraising amount from 779 million yuan to 525 million yuan, with all the funds used for the construction of the integrated production and research center. Aotuo Technology mainly operates medium- and large-scale PLC products. Its revenue from 2023 to 2025 was 197 million yuan, 244 million yuan, and 318 million yuan respectively, and its net profit attributable to the parent company was 53 million yuan, 89 million yuan, and 118 million yuan respectively. The actual controller of the company is Chen Sining, who holds a total of 43.26% of the company’s voting rights; the second-largest shareholder consists of Zou Jing and Wardrongjin, holding a total of 16.76% of the shares.