CSRC approved Yuan Chuang Shares to register for IPO on the Shenzhen Stock Exchange.

On November 14th, the China Securities Regulatory Commission issued the "Approval for the Public Offering of Shares of YuanChuang Technology Co., Ltd." It is reported that YuanChuang intends to list on the main board of the Shenzhen Stock Exchange, with Guotai Haitong as its sponsor, and plans to raise 485.13 million yuan. According to the prospectus, YuanChuang's main business is the research, development, production, and sales of rubber track products, including agricultural machinery rubber tracks, construction machinery rubber tracks, and rubber track plates, which are used as walking components for various tracked agricultural or construction machinery such as combine harvesters, excavators, loaders, and pavers, ultimately applied in different fields such as agricultural production and engineering construction. During the reporting period, the company's main customers included Wode Agricultural Machinery, USCO SPA, ZENITH TRACK CO., LTD., and Weichai-Deutz. The company has a high market share in the domestic market, ranking first in the domestic market share according to the latest QYResearch report and the "Certificate" issued by the Rubber Hose Belt Branch of the China Rubber Industry Association.