Stock Code: 001373
Stock Abbreviation: Xiang Teng New Materials
Announcement Number: 2026-024
Jiangsu Xiang Teng New Materials Co., Ltd. announces the listing and circulation of shares issued before the initial public offering (IPO). The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
- The shares being released from restrictions are those issued before the IPO of Jiangsu Xiang Teng New Materials Co., Ltd. (hereinafter referred to as "the Company" or "the Issuer"). There is one shareholder involved in this release, with a total of 33,200,000 shares being released, accounting for 48.3353% of the total share capital of the Company.
- The listing date for the released shares is June 1, 2026 (Monday).
I. Overview of Shares Issued Before IPO
The China Securities Regulatory Commission (CSRC) has issued the approval for the registration of Jiangsu Xiang Teng New Materials Co., Ltd.'s IPO (Approval No. [2023] 755) and the Shenzhen Stock Exchange has approved the listing of the Company's ordinary shares (Notification No. [2023] 454). A total of 17,171,722 shares were listed for trading on June 1, 2023. The total share capital before the IPO was 51,515,166 shares, and after the IPO, it increased to 68,686,888 shares. As of the date of this announcement, the total share capital is 68,686,888 shares, with 33,200,000 shares still under restriction, accounting for 48.3353% of the total share capital. Since the listing date until the date of this announcement, there have been no changes in the number of shares due to additional issuance, repurchase, profit distribution, or capital reserve conversion.