CSRC approves Green Biological's registration for the ChiNext IPO

On June 26, the China Securities Regulatory Commission issued the "Approval for the Initial Public Offering of Shares of Green Bio-Technology Co., Ltd.". It is reported that Green Bio-Technology plans to list on the Growth Enterprise Market of the Shenzhen Stock Exchange, with Changjiang as its sponsor institution, and plans to raise 690 million yuan. The prospectus shows that Green Bio-Technology is a pioneer and important well-known enterprise in China's flavor industry. Since its establishment, the company has been focusing on the research and development, production, and sales of flavor products, forming three major product series: pine oil, cypress oil, and fully synthetic. The specific products mainly include sandalwood series, methyl cypress ketone, Turk ketone series, and nearly 40 other specific varieties. The company's products are mainly used downstream as raw materials for the preparation of daily chemical fragrances and are widely used in the fields of washing, cleaning, disinfection, and personal care products, with a broad downstream market demand space. After more than 20 years of development and accumulation, Green Bio-Technology has formed core competitiveness in the research and development, as well as production of high-quality flavor products. It is one of the few flavor companies in China that masters the production technology of Turk ketone and achieves industrialization. It is also one of the largest suppliers of methyl cypress ketone and an important supplier of sandalwood products in China. The company is one of the first flavor companies in China to enter the international flavor and fragrance market. It is the global leading registered enterprise for five products: methyl cypress ketone, ethyl cypress ester, dimethyl heptanol, dihydrocoumarin, and cypress brain under REACH. It has successfully entered the global supply chain system of international famous flavor and fragrance companies such as Givaudan, DSM-Firmenich, IFF, Symrise, and P&G, as well as global cooperation relationships with them.