Hangzhou GreatStar Industrial (002444.SZ): Associate company Zhongce Rubber's first public offering of shares has been approved by the Shanghai Stock Exchange.

Hangzhou GreatStar Industrial (002444.SZ) announced that, according to the announcement on the Shanghai Stock Exchange website, the company's equity investee Zhongce Rubber Group Co., Ltd. (referred to as "Zhongce Rubber") successfully passed the review at the 2nd review meeting of the Shanghai Stock Exchange Listing Review Committee on the public offering of shares on February 13, 2025. Established in 1992, Zhongce Rubber mainly engages in the research and development, production, and sales of various types of tires such as all-steel tires, semi-steel tires, bias tires, and tires. Since its establishment, it has been committed to providing high-quality, high-performance, environmentally friendly, and energy-saving diversified tire products for consumers both domestically and internationally. It is one of the largest tire manufacturing companies in terms of sales volume domestically and internationally. As of the date of this announcement, Zhongce Rubber has a total share capital of 787,037.038 million shares, of which the company indirectly holds 11.44%. The public offering and listing of Zhongce Rubber's shares still require completion of the registration procedures with the China Securities Regulatory Commission, and there are uncertainties involved.