Changgao Electric Group announced that its affiliated company Futu Technology was listed on the GEM exchange of Shenzhen Stock Exchange on September 4, 2024, with the stock abbreviation Futu Technology and code 301607. The issue price is 14 yuan per share. The company holds 8.0412 million shares of Futu Technology, accounting for 7.24% of its total share capital after the initial public offering, and cannot be transferred within 12 months from the date of listing.