New Stock News | GEM Co., Ltd. (002340.SZ) Hong Kong Stock IPO prospectus has become invalid.

GEM Co., Ltd. (short for GEM Co., Ltd. (002340.SZ))'s Hong Kong IPO prospectus submitted on September 22, 2025 is valid for 6 months and will expire on March 22, 2026. Morgan Stanley, CITIC SEC, and China Securities Co., Ltd. International are its joint sponsors at the time of submission. According to the previous IPO prospectus, GEM Co., Ltd. is a leader in the recycling and production of key metal resources and lithium-ion battery recycling industry, and is also a leading enterprise in the global new energy materials manufacturing industry. Since its establishment in 2001, the company has developed a comprehensive business operation model focusing on the circular economy of its business, covering three core businesses: key metal resources, lithium-ion battery and scrap car recycling, and new energy materials.