Suzhou Betterly High-Tech Materials Co., Ltd.
Special Announcement on Investment Risks for Initial Public Offering on ChiNext
Sponsor (Lead Underwriter): Guosen Securities Co., Ltd.
The application for Suzhou Betterly High-Tech Materials Co., Ltd. (hereinafter referred to as "Betterly," "the Issuer," or "the Company") to conduct an initial public offering of RMB ordinary shares (A shares) and list on the ChiNext board (hereinafter referred to as the "Current Offering") has been reviewed and approved by the Listing Committee of the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE"). It has also been registered with the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") (CSRC Permit [2026]1252).
The Issuer and the Sponsor (Lead Underwriter), Guosen Securities Co., Ltd. (hereinafter referred to as "Guosen Securities" or "Sponsor (Lead Underwriter)"), have jointly determined that the number of shares to be issued in this offering will be 65.70 million shares, all of which will be newly issued shares through public offering. No existing shareholders will transfer their shares. The shares offered are intended to be listed on the ChiNext board of the SZSE.
The offering price of RMB 12.10 per share corresponds to a diluted trailing twelve-month P/E ratio of 27.39 times, based on the lower of the issuer's net profit attributable to parent company shareholders after and before deducting non-recurring items for 2025. This is lower than the average trailing twelve-month P/E ratio of 68.33 times for the same industry published by Wind Information on August 13, 2026 (T-4 days), and lower than the average trailing twelve-month P/E ratio of 34.00 times (excluding outliers) for comparable companies in the same industry for 2025, based on the lower of net profit attributable to parent company shareholders after and before deducting non-recurring items. However, there remains a risk of investors incurring losses due to a potential decline in the issuer's stock price in the future. The Issuer and the Sponsor (Lead Underwriter) remind investors to pay close attention to investment risks, prudently assess the reasonableness of the offering price, and make rational investment decisions.
This offering is subject to the "Administrative Measures for Securities Issuance and Underwriting" (CSRC Order No. 228) (hereinafter referred to as the "Measures"), the "Administrative Measures for the Registration of Initial Public Offerings of Securities" (CSRC Order No. 205), the "Implementation Rules for Securities Issuance and Underwriting Business of Shenzhen Stock Exchange for Initial Public Offerings of Securities (2026 Revision)" (SZSE [2026]552) (hereinafter referred to as the "Implementation Rules"), the "Implementation Rules for Online Offerings of Initial Public Offerings of Securities in the Shenzhen Market" (SZSE [2018]279), the "Implementation Rules for Offline Offerings of Initial Public Offerings of Securities in the Shenzhen Market (2025 Revision)" (SZSE [2025]224), and the "Shenzhen Stock Exchange ChiNext Investor Suitability Management Measures (2020 Revision)" (SZSE [2020]343). It is also subject to the "Rules for Securities Underwriting Business of Initial Public Offerings of Securities" (CSRC [2023]18) and the "Rules for Management of Offline Investors in Initial Public Offerings of Securities" (CSRC [2025]57) and the "Guidelines for Classification and Management of Offline Investors in Initial Public Offerings of Securities" (CSRC [2024]277) issued by the Securities Association of China (hereinafter referred to as the "Securities Association"). Investors are advised to pay attention to changes in relevant regulations.
The Issuer and the Sponsor (Lead Underwriter) specifically draw investors' attention to the following:
- This offering will be conducted through a combination of directed placements to investors participating in strategic placements (hereinafter referred to as "Strategic Placement"), offline price inquiries to eligible investors (hereinafter referred to as "Offline Offering"), and fixed-price online offerings to public investors holding tradable A-shares and depository receipts in the Shenzhen market (hereinafter referred to as "Online Offering"). Preliminary inquiries and offline offerings will be organized by the Sponsor (Lead Underwriter) through the offline offering electronic platform; online offerings will be conducted through the SZSE trading system.