According to the Zhiyang Innovation announcement, the audit committee of the company's board of directors reviewed and approved matters relating to the issuance of A-shares to specific targets in 2026, agreed that the company would establish a dedicated storage account for raised funds, implement special account storage and exclusive use of funds, and sign special account storage supervision agreements with sponsors and commercial banks that deposit funds raised; agreed that the board of directors should request the shareholders' meeting to authorize the board of directors and authorized persons to handle specific matters related to this issuance. The issuance has yet to be reviewed and approved by the company's shareholders' meeting, reviewed and approved by the Shanghai Stock Exchange, and approved by the China Securities Regulatory Commission before it can be implemented.

According to the Zhiyang Innovation announcement, the audit committee of the company's board of directors reviewed and approved matters relating to the issuance of A-shares to specific targets in 2026, agreed that the company would establish a dedicated storage account for raised funds, implement special account storage and exclusive use of funds, and sign special account storage supervision agreements with sponsors and commercial banks that deposit funds raised; agreed that the board of directors should request the shareholders' meeting to authorize the board of directors and authorized persons to handle specific matters related to this issuance. The issuance has yet to be reviewed and approved by the company's shareholders' meeting, reviewed and approved by the Shanghai Stock Exchange, and approved by the China Securities Regulatory Commission before it can be implemented.