The Zhitong Finance App learned that on April 20, the Securities Regulatory Commission announced the progress of Shandong Boan Biotechnology Co., Ltd.'s “Approval of Overseas Initial Public Offering of Shares (Including Various Types of Shares and Derivative Forms of Shares such as Common Shares and Preferred Shares)” of Shandong Boan Biotechnology Co., Ltd. The progress has now reached the stage of receiving materials.