RED AVENUE NEW MATERIALS: Re-Files for HKEX Listing for the Second Time; Ranks No. 1 Globally in Tire Phenolic Resin Rubber Additives by Sales

NewTimeSpace News: On 21 August 2026, Red Avenue New Materials Group Co., Ltd. submitted a listing application to the Main Board of the Stock Exchange of Hong Kong, with Haitong International acting as the sole sponsor. The Company is a comprehensive new materials service provider in China focused on advanced chemical products, principally engaged in the R&D, production, marketing, sales and distribution of new chemical materials.

According to the announcement, the Company's principal businesses comprise three segments: rubber additives for tires and other chemical products, electronic materials, and fully biodegradable materials. According to Frost & Sullivan, in fiscal year 2025, the Company ranked first by sales amount in both the global and Chinese markets for phenolic resin rubber additives for tires, with market shares of 41.4% and 45.9% respectively. In electronic materials, in fiscal year 2025, the Company ranked first among domestic suppliers by sales amount in both China's semiconductor photoresist market and China's TFT array photoresist market, with market shares of 5.8% and 26.2% respectively.

The Company's history dates back to 1999, when it commenced international trading of tire chemical materials. Leveraging its industry experience, it subsequently expanded upstream by establishing production bases and has developed into a platform-type enterprise integrating R&D, manufacturing and sales functions. In 2018, it was successfully listed on the Shanghai Stock Exchange. The Company has progressively expanded into electronic materials through strategic investments and acquisitions, and has entered the fully biodegradable materials field by developing PBAT-related products.

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