New Stock News | Red Avenue New Materials Group (603650.SH) Hong Kong IPO prospectus voided

Red Avenue New Materials Group Co., Ltd. (abbreviated as: Red Avenue New Materials Group, 603650.SH) submitted its Hong Kong IPO prospectus on February 8, 2026, which will expire on August 8, 2026, after six months, with HAITONG INT'L serving as its sole sponsor. According to the previous prospectus, Red Avenue New Materials Group is a leading integrated new materials service provider in China, focusing on advanced chemical products. The company is mainly engaged in the research, production, marketing, sales, and distribution of new chemical materials. During the track record period, the company's main business includes three divisions, namely (i) electronic materials; (ii) tire rubber additives and other chemical products; and (iii) fully biodegradable materials. In the field of electronic materials, the company ranked first among Chinese suppliers in sales amounts for both the semiconductor photoresist market and the TFT array photoresist market in China in the first nine months of 2025. On the other hand, in the tire rubber additives and other chemical products division, according to Frost & Sullivan's report, the company ranked first in sales amounts in the global and Chinese tire phenolic resin rubber additive markets during the first nine months of 2025. Additionally, according to statistics published by the Rubber Additives Professional Committee of the China Rubber Industry Association, in 2024, the company ranked first among all phenolic resin producers in China.