CSRC agrees to Bertley's IPO registration on the ChiNext.

On May 29th, the China Securities Regulatory Commission issued the reply on approving the initial public offering of Suzhou Bettray Polymer Materials Co., Ltd. It is reported that Bettray plans to list on the ChiNext board of the Shenzhen Stock Exchange, with Guosen as its sponsor, aiming to raise 762.65 million yuan. According to the prospectus, Bettray is a new material enterprise oriented towards customer demand and driven by innovation research and development. Its main business includes the research, production, and sales of electronic materials and chemical new materials, with products covering conductive materials, organic silicon materials, and coating materials. The company's products are widely used in fields such as photovoltaics, 3C electronics, organic silicon processing, electronic packaging, medical, and new energy vehicles. With the tightening of environmental policies at home and abroad, organic silicon materials have a broad substitution space due to their environmental safety characteristics. The company has made significant breakthroughs in replacing plastic materials in the field of 3C electronics peripheral products, introducing liquid flame-retardant rubber with good flame-retardant heat-resistant properties, tensile strength, and extrusion speed.