CSRC Approves Daoshengtianhe's IPO Registration on the Shanghai Stock Exchange

On August 14th, the China Securities Regulatory Commission issued a reply approving the initial public offering of shares of Daoshengtianhe Material Technology (Shanghai) Co., Ltd. It is reported that Daoshengtianhe plans to list on the Shanghai Stock Exchange, with China Securities Co., Ltd. as its sponsor institution, and plans to raise 694 million yuan. The prospectus shows that Daoshengtianhe is a national high-tech enterprise dedicated to the research and development, production, and sales of new materials. During the reporting period, the company's products focused on high-performance thermosetting resin materials such as epoxy resin, polyurethane, acrylic ester, and organosilicon, forming three major series of products for wind turbine blade materials, new composite resin materials, and new energy vehicles and industrial adhesives. It mainly provides integrated, differentiated, and refined new material products solutions to domestic and foreign customers in new energy fields such as wind power, new energy vehicles, energy storage, hydrogen energy, as well as aviation, oil and gas extraction, power, mold manufacturing, and other fields.