Economic Observation Network On October 15th, the website of the Shenzhen Stock Exchange showed that Shanghai Jifeng Electronics Co., Ltd.'s initial public offering application was approved by the Shenzhen Stock Exchange's Growth Enterprise Market. The company plans to publicly issue no more than 38.5287 million shares, which will not be less than 25% of the total share capital of the company after the issuance. It will be listed on the Growth Enterprise Market of the Shenzhen Stock Exchange, with Everbright Securities Co., Ltd. as the sponsor.