Stock Abbreviation: Huigu New Material
Stock Code: 301683
Guangzhou Huigu New Material Technology Co., Ltd. (located at No. 62, Xinye Road, Guangzhou Economic and Technological Development Zone) announces the listing of its shares on the ChiNext Board.
Important Notice
Guangzhou Huigu New Material Technology Co., Ltd. (hereinafter referred to as "Huigu New Material", "the Company", or "the Issuer") will have its shares listed on the Shenzhen Stock Exchange on April 1, 2026. Companies listed on the ChiNext Board are characterized by unstable performance, high operational risks, and high delisting risks, exposing investors to significant market risks. Investors should fully understand the investment risks associated with the ChiNext market and the risk factors disclosed by the Company, and make prudent investment decisions. The Company reminds investors to be cautious and rational in their investment decisions, especially during the initial period of the new stock listing, avoiding blind speculation. Unless otherwise specified, the abbreviations or definitions in this listing announcement are the same as those in the "Prospectus for the Initial Public Offering of Shares and Listing on the ChiNext Board of Guangzhou Huigu New Material Technology Co., Ltd." (hereinafter referred to as "the Prospectus"). Any discrepancies in totals due to rounding are noted.
Section 1: Important Statements and Notices
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Important Statement The Company and all directors and senior management guarantee the truthfulness, accuracy, and completeness of this listing announcement and commit that there are no false records, misleading statements, or major omissions, and they bear legal responsibility according to law. The opinions of the Shenzhen Stock Exchange and relevant government agencies regarding the Company's stock listing and related matters do not imply any guarantee for the Company. The Company reminds investors to carefully read the "Risk Factors" section of the Prospectus published on various financial information websites, including www.cninfo.com.cn, www.stcn.com, www.cs.com.cn, www.cnstock.com, www.zqrb.cn, www.jjckb.cn, www.financialnews.com.cn, and cn.chinadaily.com.cn, to be aware of risks and make prudent decisions.
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Investment Risks in the Initial Period of New Stocks on the ChiNext Board The Company reminds investors to pay attention to the investment risks during the initial period of the initial public offering (hereinafter referred to as "new stocks"). Investors should fully understand the risks and participate rationally in new stock trading. Specifically, the risks during the initial period of the new stock listing include but are not limited to the following:
(1) Stock Trading Risks Due to Relaxed Price Limits ChiNext stocks have a wider price fluctuation limit. For stocks listed on the ChiNext Board after their initial public offering, there are no price limits for the first five trading days, and thereafter, a 20% price limit applies. There is a risk of significant price volatility in the early trading period. Investors should carefully read relevant laws, regulations, and exchange business rules before participating in trading, and ensure they have conducted sufficient risk assessments and financial arrangements to avoid unbearable losses due to blind speculation.
(2) Risks Due to Limited Circulating Shares After this issuance, the total share capital of the Company will be 63,116,400 shares, of which the number of freely tradable shares is 14,265,650 shares, accounting for approximately 22.60% of the total share capital after issuance. The limited number of circulating shares in the early listing period poses a risk of insufficient liquidity.
(3) Differences in Price-to-Earnings Ratios Compared to Industry Averages The issuance price is set at 78.38 yuan/share, which does not exceed the lower of the median and weighted average of the offline investors' quotes after excluding the highest quote. According to the "Statistical Classification Guidelines for Listed Companies" (2023), the issuer belongs to the "C26 Chemical Raw Materials and Chemical Products Manufacturing" industry. As of March 16, 2026 (T-4 days), the latest one-month static average price-to-earnings ratio for this industry is 35.59 times. The price-to-earnings ratios of comparable listed companies are as follows: