CSRC approves Jiyuan Group's IPO registration on the Shanghai Stock Exchange Main Board.

On April 18, the China Securities Regulatory Commission announced its approval of the registration of the initial public offering of shares by Techsource Group Limited. It is reported that Techsource Group plans to list on the Shanghai Stock Exchange main board, with Orient as the sponsor institution, aiming to raise 603 million yuan. According to the prospectus, Techsource Group is an international enterprise group specializing in the research, innovation, and industrialization of dietary nutrition supplement products. The company is the main pioneer and market promoter of HMB nutrients globally, leading and driving the market access of HMB nutrients in multiple countries and regions. With its independently developed key technology for the refining and customization of glucosamine raw materials, the company provides high reliability and high production efficiency customized raw material product solutions to global brand customers. Its GlucosaGreen brand raw materials have gradually grown into a globally renowned and highly recognized glucosamine brand. Techsource Group has now developed into the world's largest supplier of HMB raw materials and a core supplier of high-quality glucosamine, formulations, and other products. The company's products cover major markets in China and Asia, the United States, Europe, Australia, South America, and has established long-term stable cooperation relationships with many domestic and foreign dietary nutrition supplement brand companies such as Abbott Group, Blackmores, Nutramax, PharmaCare, among others. In recent years, leveraging its advanced research and development system, patent advantage, high industry position, and brand recognition, the company has successively established partnerships and achieved bulk supply with many globally renowned enterprises such as Formulife (dietary nutrition), Sanofi (dietary nutrition), Royal Canin (animal nutrition), Lintbells (pet healthcare), Nestle (food and beverage), Johnson & Johnson (dietary nutrition), DuPont Nutrition & Biosciences Group (dietary nutrition), Mengniu (dairy products), and others.