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Special Announcement on Investment Risks for Initial Public Offering and Listing on the ChiNext Board

Tianchang Co., Ltd.·November 12, 2017·6 pages

✨ AI Summary

Jiangsu Tianchang Composite Materials Co., Ltd. is set to issue up to 30 million shares at a price of 7.11 RMB per share, approved by the CSRC. Investors are advised to carefully consider the investment risks associated with the ChiNext market, including potential volatility and the company's financial stability. The offering is scheduled for November 14, 2017, with specific procedures for online and offline subscriptions.

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Full Translation

AI Translation· azure_openai

Special Announcement on Investment Risks for Initial Public Offering and Listing on the ChiNext Board

Sponsor (Lead Underwriter): Dongfang Citigroup Securities Co., Ltd.

Jiangsu Tianchang Composite Materials Co., Ltd. (hereinafter referred to as "Tianchang Co.", "the issuer" or "the company") has received approval from the China Securities Regulatory Commission (hereinafter referred to as "CSRC") for its initial public offering of no more than 30 million RMB ordinary shares (A shares) and listing on the ChiNext Board, as per document [2017] 1987.

After discussions between the issuer and the lead underwriter, Dongfang Citigroup Securities Co., Ltd. (hereinafter referred to as "Dongfang Citigroup" or "the sponsor (lead underwriter)"), it has been determined that the offering will consist of 30 million new shares, all of which will be publicly issued, with no existing shareholders transferring shares. The shares are intended to be listed on the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") ChiNext Board.

The issuer and the sponsor (lead underwriter) particularly remind investors to pay attention to the following:

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