Recently, Anhui Conch Material Technology Co., Ltd. announced that its holding subsidiary, Ningbo Conch New Material Technology Co., Ltd., intends to increase capital and expand shares through public listing.
According to the announcement, the capital increase will increase the registered capital by 36.25 million yuan and introduce an investor. After the completion of the capital increase, the ownership structure of Ningbo Conch New Materials will change, the shareholding ratio will be reduced from 90.0% to 80.0%, and the investor will hold 11.1% of the shares. The announcement stressed that Ningbo Conch New Materials is still a subsidiary of the company and will not lead to changes in the scope of consolidated statements. The initial listing price of
capital increase and share expansion will be based on the evaluation of independent professional valuers, and the net assets evaluation value of Ningbo Conch New Materials is 385 million yuan. The public listing will be held in Anhui Property Rights Exchange Center in February 2026 and is expected to be completed in March.
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