New Stock News | Master Tongs Hong Kong Stock IPO and domestic unlisted shares "Fully Circulate" approved by the China Securities Regulatory Commission

On February 6, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice of Record Filing for Overseas Issuance and Listing and Full Circulation of Unlisted Shares in China Hangzhou Copper Master Group Co., Ltd." The company plans to issue no more than 21.85 million shares of overseas-listed common stock and list them on the Hong Kong Stock Exchange. 58 shareholders of the company intend to convert a total of 54,820,401 shares of unlisted domestic shares into overseas-listed shares and list them for circulation on the Hong Kong Stock Exchange. The prospectus shows that Copper Master focuses on combining traditional craftsmanship with modern design and usage scenarios to develop copper cultural and creative products. According to a report by Frost & Sullivan, as of the annual period ending on December 31, 2024, the company ranked first in the Chinese copper cultural and creative products market by total revenue, with a market share of 35.0%, demonstrating the company's strong position in this segment of the metal cultural and creative products market (approximately 6.3%). By continuously investing in original design and research and development, Copper Master has extended its material portfolio to include gold, silver, and plastic, attracting a wider audience and expanding creative possibilities. The company's copper, gold, and silver products are made of pure metal. Some copper cultural and creative products have a layer of pure gold or silver plated on the surface to enhance their beauty and value. The company aims to create products that meet the aesthetic preferences and usage scenarios of contemporary consumers. Appendix: Names of shareholders participating in the "full circulation" and conversion quantities.