Original capital shares, New Guangyi successfully submitted an application for an IPO on the Shenzhen Stock Exchange.

On September 19, Element Technology Co., Ltd. and Suzhou Xinguangyi Electronics Co., Ltd. (referred to as Element Group and Xinguangyi respectively) passed the IPO review of the Shenzhen Stock Exchange Listing Committee. The sponsor institution for Element Group is Guotai Haitong, with a planned fundraising of 485.13 million yuan; the sponsor institution for Xinguangyi is CITIC SEC, with a planned fundraising of 638.38 million yuan. Element Group's main business is the research, development, production, and sales of rubber track products. Its main products include agricultural machinery rubber tracks, engineering machinery rubber tracks, and rubber track pads, which are used as walking parts for various tracked agricultural or engineering machinery such as combine harvesters, excavators, loaders, and pavers, ultimately applied in different fields such as agriculture production and engineering construction. During the reporting period, the company's main clients include Wode Agricultural Machinery, USCO SPA, ZENITH TRACK CO., LTD., and Weichai Lovol. Xinguangyi is a high-tech enterprise focused on the research, production, and sales of high-performance special functional materials. Its main products include anti-spill special films and strong resistance special films. In addition, the company also produces, researches, and develops electronic components materials, modified materials, optical adhesive films, new energy lithium battery materials, photovoltaic adhesive films, and other emerging businesses.