Yifeng New Materials terminates the GEM IPO, originally planned to raise 840 million yuan, with Zhongtai Securities as sponsor

MaticHoleFiller · 2026-04-10T00:33:33+00:00

The Shenzhen Stock Exchange recently decided to terminate the review of Yifeng New Materials' initial public offering and listing on the Growth Enterprise Market, as the company has applied to withdraw the relevant application. Yifeng New Materials focuses on the research and production of new optical materials, with an original plan to raise approximately 84.42 million yuan for multiple projects.

MaticHoleFiller

2026-04-10 00:33:33

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China Economic Net Beijing April 7th News: The Shenzhen Stock Exchange website recently announced the decision to terminate the review of Yifeng New Materials Co., Ltd.'s (referred to as “Yifeng New Materials”) initial public offering and listing on the Growth Enterprise Market.

On June 21, 2025, the Shenzhen Stock Exchange lawfully accepted the application documents for Yifeng New Materials’ initial public offering and listing on the Growth Enterprise Market, and conducted review in accordance with laws and regulations.

Recently, Yifeng New Materials submitted an application to the Shenzhen Stock Exchange to withdraw its application for the initial public offering and listing on the Growth Enterprise Market, and the sponsor submitted an application to the Shenzhen Stock Exchange for the withdrawal of the application for the initial public offering and listing on the Growth Enterprise Market. According to Article 62 of the “Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (2024 Revision),” the Shenzhen Stock Exchange has decided to terminate the review of Yifeng New Materials’ initial public offering and listing on the Growth Enterprise Market.

Yifeng New Materials is a high-tech enterprise based on the organic sulfur chemistry industry, focusing on the research, production, and sales of products related to optical new materials.

Yifeng New Materials originally planned to issue no more than 47.36 million new shares on the Shenzhen Stock Exchange’s Growth Enterprise Market, accounting for no less than 25% of the total share capital after issuance. The company originally intended to raise 844.2583 million yuan for projects including high-refractive-index optical resin materials, high-end functional cyclic polyolefin materials, R&D center construction, digitalization construction, and marketing channel development.

The sponsor for Yifeng New Materials this time is China Securities Co., Ltd., with sponsors Su Tianneng and Zeng Liping.

(Editor: Wei Jingting )

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