New Stock News | Chaozhou Three-Circle (Group) (300408.SZ) Hong Kong IPO Approved by China Securities Regulatory Commission

On June 12th, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Overseas Issuance and Listing Filing of Chaozhou Three-Circle(Group) Co., Ltd. (300408.SZ)". Chaozhou Three-Circle(Group) plans to issue no more than 149,190,500 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. According to the Hong Kong Stock Exchange disclosure, the company submitted its listing application to the main board of the Hong Kong Stock Exchange on June 9th, with China Galaxy International as the exclusive sponsor. The prospectus shows that Chaozhou Three-Circle(Group) is deeply involved in the field of advanced electronic ceramic materials and components, with four major product categories including electronic and ceramic materials, electronic components, communication devices, and equipment components. It covers core application areas such as communication, AI and data centers, consumer electronics, automotive electronics, semiconductor manufacturing and packaging, new energy, and intelligent industrial control, encompassing the business framework of basic materials, key components, and high-end devices and components. The company is based on the integrated business model of materials and processes. Specifically, the company has solid research and development capabilities in upstream key raw material formulation, and iteratively optimizes the technical processes of each key manufacturing stage. At the same time, the company has mass production capabilities, achieving high standard product control and establishing core advantages in supply and cost control.