Pan Asia Micro announced that on December 19, 2025, the company received the “Exchange Audit Opinions on the Issuance of Shares by Jiangsu Pan Asia Micro Technology Co., Ltd. to Specific Targets” issued by the Shanghai Stock Exchange. The review opinion was that the company's application to issue shares to specific targets met the issuance conditions, listing conditions and information disclosure requirements. After receiving the company's application documents, the firm will submit it to the China Securities Regulatory Commission for registration. The company's current issuance of shares to specific targets still needs to be approved by the China Securities Regulatory Commission before it can be implemented. There is still uncertainty about the final decision and timing of whether the registration will be approved by the China Securities Regulatory Commission.

Pan Asia Micro announced that on December 19, 2025, the company received the “Exchange Audit Opinions on the Issuance of Shares by Jiangsu Pan Asia Micro Technology Co., Ltd. to Specific Targets” issued by the Shanghai Stock Exchange. The review opinion was that the company's application to issue shares to specific targets met the issuance conditions, listing conditions and information disclosure requirements. After receiving the company's application documents, the firm will submit it to the China Securities Regulatory Commission for registration. The company's current issuance of shares to specific targets still needs to be approved by the China Securities Regulatory Commission before it can be implemented. There is still uncertainty about the final decision and timing of whether the registration will be approved by the China Securities Regulatory Commission.