CSRC Approves Zhongce Rubber's Application for IPO Listing on the Shanghai Stock Exchange Main Board

On February 28, the China Securities Regulatory Commission issued the "Approval for the Initial Public Offering of Shares of Zhongce Rubber Group Co., Ltd.". It is reported that Zhongce Rubber plans to list on the main board of the Shanghai Stock Exchange, with China Securities Co., Ltd. as its sponsoring institution, aiming to raise 4.85 billion yuan. The prospectus shows that Zhongce Rubber is mainly engaged in the research and development, production, and sales of tire products such as all-steel tires, semi-steel tires, bias tires, and car tires. Since its establishment, the issuer has been committed to providing diversified tire products of high quality, high performance, and environmentally friendly energy conservation for consumers at home and abroad, mainly including all-steel tires, semi-steel tires, bias tires, and car tires. Zhongce Rubber owns many well-known brands such as "Chaoyang", "Good Luck", "Weishi", "Quanuo", "Yadu", "Jinguang", "WEST LAKE", "GOODRIDE", "CHAO YANG", and "TRAZANO". With a strong and comprehensive marketing network system at home and abroad, the company's tire products cover most provinces and cities in China and are exported to Europe, the Americas, Africa, Oceania, Southeast Asia, the Middle East, and other countries and regions worldwide.