The China Securities Regulatory Commission has approved Crown New Materials' IPO registration on the Shenzhen Stock Exchange main board.

On August 14, the China Securities Regulatory Commission issued a reply approving the registration of the initial public offering of Crown New Materials Technology Co., Ltd. It is reported that Crown New Materials plans to list on the main board of the Shenzhen Stock Exchange, with China International Capital Corporation (CICC) as its sponsor, aiming to raise 918.68 million yuan. According to the prospectus, the company mainly engages in the research and development, production, and sales of functional composite materials such as industrial-grade adhesive materials, electronic-grade adhesive materials, and functional film materials. The company's products have a wide range of applications, covering various fields including light industry, home appliances, automotive manufacturing, new energy batteries, consumer electronics, smart Internet of Things, and semiconductors. Currently, the company's products have entered materials markets previously dominated by international leaders such as 3M from the United States, Nitto Denko from Japan, and tesa from Germany. With excellent product performance and stable product quality, the company has achieved applications in well-known end-users across various sectors such as OPPO, vivo, Huawei, Apple, Google, Amazon, BYD Company Limited, Tesla, Contemporary Amperex Technology, Gotion High-tech, CALB, Gree, Galanz, and Deli, providing solid business support for the stable growth of the company's operating performance.