Red Avenue: CSRC Files Overseas Issuance and Listing Application, Plans to Issue up to 78.72 Million H Shares

NewTimeSpace News: The China Securities Regulatory Commission (CSRC) has issued a filing notice for overseas issuance and listing, under which Red Avenue New Materials Group Co., Ltd. proposes to issue no more than 78,724,900 overseas listed ordinary shares for listing on The Stock Exchange of Hong Kong Limited.

The filing notice requires that: the Company report any major matters through the CSRC's filing management information system from the date of the notice until the completion of the overseas issuance and listing; report the details of the issuance and listing within 15 working days after completion; and update the filing materials if the overseas issuance and listing are not completed within 12 months from the date of the notice and the Company intends to proceed. The notice only confirms the filing information and does not constitute a substantive judgment or guarantee by the CSRC as to the investment value of the securities or the returns of investors.

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