Per Woofun AI, the Shanghai Stock Exchange disclosed the formulation of 'Shanghai Stock Exchange Issuance and Listing Review Rules Application Guidance No. 10 - Application of the Fifth Set of Listing Standards on the Sci-Tech Innovation Board for Artificial Intelligence Large Model Enterprises,' which took effect on June 17. This regulatory update implements CSRC directives to enhance the inclusive adaptability of the Growth Enterprise Layer, specifically targeting high-quality AI enterprises that have not yet achieved significant revenue scale but possess substantial growth potential.

The new standards mandate that issuers occupy a prominent position within the AI large model sector, demonstrating industry leadership and strong market recognition. Candidates must exhibit clear target markets, robust R&D progress, and definitive commercial arrangements without significant shortcomings in their commercialization prospects. This framework aims to facilitate public listings for technology-driven companies that show outstanding future growth capabilities despite current revenue limitations.