On August 20, the China Securities Regulatory Commission (CSRC) approved Quecheng Silicon Chemical Co., Ltd.'s IPO and listing on the Shanghai Stock Exchange.

Quecheng plans to publicly issue no more than 65 million shares to raise approximately RMB468 million yuan. The raised funds will be invested in two projects. One is the project with an annual output of 70,000 tons of Sodium silicate and 75,000 tons of high-dispersed silica for green tires. The other project is the construction of R&D center.

Up to now, Quecheng has formed a complete industrial chain of products. It is one of the world's largest manufacturers of high-dispersion silica for green tires and one of the world's largest manufacturers of silica for animal feed carrier. In the future, Quechen will strive to become the top three in the world's silica industry within five years.

Quecheng was listed on the NEEQ on October 12, 2015, and suspended on June 14, 2017. On July 7, 2017, the application for IPO and listing on the Main Board was formally accepted by the CSRC.