New Stock News | Kunlun New Materials' Hong Kong IPO and "Full Circulation" of Domestic Unlisted Shares Filed with the CSRC

On October 23, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Filing for Overseas Issuance and Listing and 'Full Circulation' of Domestic Unlisted Shares of Kunlun New Energy Materials Technology (Yichang) Co., Ltd." Kunlun New Materials plans to issue no more than 154,159,500 ordinary shares for overseas listing and list on the Hong Kong Stock Exchange. The company's 27 shareholders plan to convert a total of 324,217,410 domestic unlisted shares they hold into overseas listed shares and list them for trading on the Hong Kong Stock Exchange. According to the prospectus, Kunlun New Materials is a global lithium battery electrolyte supplier focused on the R&D, production, and sales of lithium battery electrolytes and emerging battery materials. According to Frost & Sullivan, based on electrolyte revenue, Kunlun New Materials ranked third among global electrolyte suppliers in 2025, with a market share of 3.6%. Kunlun New Materials has become a fast-growing electrolyte technology company in China, with its market share steadily increasing in recent years. According to Frost & Sullivan, the company's electrolyte shipments have increased significantly over the past five years, with a compound annual growth rate of 59.6% from 2021 to 2025, higher than the industry average. According to Frost & Sullivan, over the past five years, Kunlun New Materials' electrolyte shipments have ranked among the top global electrolyte suppliers, with market share steadily rising from 3.0% in 2021 to 4.5% in 2025. In addition, Kunlun New Materials has made strategic arrangements in emerging battery material fields such as solid electrolytes ("solid electrolytes"), gel electrolytes, solid-liquid hybrid electrolytes, and sodium-ion electrolytes. The company has large-scale production capacity for all of the above products and also provides small-batch production services to meet segmented and customized customer needs.