In view of the future strategic adjustment consideration, innovation shares intend to terminate the IPO process of the Beijing Stock Exchange

On July 8th, the New Third Board Enterprise Innovation Co., Ltd. (837935.NQ) recently issued an announcement on the application of shares that plans to open publicly to unspecified investors and listed on the Beijing Stock Exchange and withdrew the application materials.

The announcement shows that Wenzhou Innovation New Materials Co., Ltd. (hereinafter referred to as "Company") submitted an application material for public issuance of shares to unspecified investors to unspecified investors and listed on the Beijing Stock Exchange on June 25, 2022. After applying for a national stock transfer company, the market was closed on June 27, 2022, and the company's shares were suspended in the national SME shares transfer system.

In view of the future strategic adjustment considerations, combined with the planning of the capital market path, and in -depth communication and prudent analysis with relevant intermediary agencies, the company intends to terminate the shares of shares to unspecified investors in unspecified qualified investors Application materials.

On July 7, 2022, the company held the twentieth meeting of the third board of directors and the thirteenth meeting of the 3rd Supervisory Board, reviewing and approved the "termination of shares to unspecified investors to unspecified investors and The Proposal for the Sale "and the" Proposal on the withdrawal of shares to unspecified investors to unspecified investors and the application materials for listing on the Beijing Stock Exchange ".

Innovation shares, the company's full name is Wenzhou Innovation Materials Co., Ltd., which was established on March 22, 2013. Hu Jianlian, the current general manager, is the development, production and sales of pre -mixed concrete and pre -mixed dry mixed mortar.

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