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On August 23rd, Shanghai Zhongchen Electronic Technology Co., Ltd. (hereinafter referred to as "ZONCN Technology", SH: 603275) was listed on the Main Board of the Shanghai Stock Exchange. For this listing, ZONCNTechnology set an issue price of 49.97 yuan per share, with an issuance volume of 37.192963 million shares, raising a total of approximately 1.858 billion yuan. On its first day of listing, ZONCN Technology opened at 62.44 yuan per share, a 24.95% increase from the issue price. By the close of trading, the company's stock price was reported at 64.57 yuan per share, a gain of about 29.22%, with a total market value of approximately 9.6 billion yuan.

ZONCN Technology is a high-tech enterprise specializing in the R&D, production, sales and service of products in the field of industrial automation. Its main products include low-voltage inverters and servo systems. The power range of low-voltage inverters, servo systems and other products under the "ZONCN" brand independently developed and produced by the company covers 0.4kW-1200kW, which are widely used in air compressors, plastic machinery, construction machinery, water supply equipment, metallurgical equipment, textile machinery, machine tools, chemical machinery, mining machinery, printing and packaging and other industries.

Since its establishment in 2006, ZONCN Technology has always adhered to independent R&D and innovation, and upheld the principles of "Technological Innovation, People-Oriented, and Customer First". It has achieved rapid development by virtue of its unique design concept, advanced production technology, significant cost advantages and high-quality management team. The company has been rated as a High-Tech Enterprise, Shanghai Software Enterprise, Shanghai Enterprise Technology Center, Shanghai Science and Technology Little Giant Enterprise, Shanghai "Specialized, Refined, Differential and Innovative" Enterprise and National-level "Little Giant" Enterprise specializing in "Specialized, Refined, Differential and Innovative" fields.

As of December 31, 2022, the company had 99 technical R&D personnel of various types. The R&D team is stable and has strong ability to track cutting-edge technologies. With the efforts of the R&D team, the company has core technologies and independent intellectual property rights in the fields of low-voltage inverters and servo systems, which have been widely recognized by users.

ZONCN Technology will continue to uphold the pioneering spirit of continuous progress and hard work, continuously carry out the R&D of new industrial automation technologies such as inverters and servo systems, and continuously deepen its cultivation in the industry. It will develop the industry market with technology and customized solutions, build core market competitiveness, strive to become a first-class domestic and internationally renowned industrial automation equipment supplier, and make due contributions to promoting the strategic plans such as the upgrading and transformation of China's industrial equipment, the localization of key equipment, and the transformation of intelligent manufacturing and digital industry.