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china economic net, beijing, september 30 news the website of the shenzhen stock exchange disclosed on september 28 its decision to terminate the review of the initial public offering of shares and listing of shanghai shengpu fluid equipment co., ltd. ("shengpu shares") on the gem.

on june 29, 2022, the shenzhen stock exchange accepted the application documents for the initial public offering of shares and listing on the gem by shengpu co., ltd. in accordance with the law, and reviewed it in accordance with the law and regulations. recently, shengpu co., ltd. submitted the "application of shanghai shengpu fluid equipment co., ltd. for withdrawing the initial public offering and listing application documents" to the shenzhen stock exchange. the sponsor submitted the "haitong securities' application for withdrawing the application documents for shanghai shengpu fluid" to the shenzhen stock exchange. equipment co., ltd.’s application for sponsoring the initial public offering of shares and listing on the gem board. according to the relevant provisions of article 62 of the "shenzhen stock exchange stock issuance and listing review rules (revised in 2024)", the shenzhen stock exchange decided to terminate the review of shengpu's initial public offering of shares and listing on the gem.

after the initial public offering of shengpu shares on january 20, 2023, the main questions raised by the gem listing committee at the 6th review meeting in 2023 were:

1. the issuer’s core parts can be produced in-house or outsourced. during the reporting period, the total purchase amount from the two largest suppliers, graco and ingersoll rand, accounted for 45.27%, 41.27%, 46.43% and 47.62% respectively. %. the issuer is requested to explain whether there is significant dependence on major suppliers such as graco and ingersoll rand, and whether there is any significant adverse impact on the issuer's production and operations. please give your sponsor a clear opinion.