CSRC approves Zhongsu Holdings' registration for listing on the Growth Enterprise Market.

On July 3rd, the China Securities Regulatory Commission issued the approval for the initial public offering of shares by Guangdong Zhongsu New Materials Co., Ltd. It is reported that Zhongsu is planning to list on the ChiNext board of the Shenzhen Stock Exchange, with Guosen as its sponsor institution, and plans to raise 645.49 million yuan. The prospectus shows that Zhongsu's main business is the research, production, and sales of modified engineering plastics. The company's main products are used in industries such as consumer electronics, energy storage, automotive, home appliances, and its end products include mobile phones, smart wearables, tablets and laptops, Bluetooth speakers, energy storage power supplies, new energy vehicles, and household appliances. The company's core products include modified PC, PC/ABS, PA, PPA, PBT, PET, and other high-performance engineering materials, and they have developed special functional materials such as laser direct structuring (LDS) materials, nanomaterial injection molding (NMT) engineering materials, and super high-temperature resistant special nylon materials to meet customer-specific requirements for electrical interconnection, low dielectricity, high temperature resistance, waterproofing, and heat dissipation.