On 21 May, 2020, the application filed by Zhejiang Huada New Materials Co., Ltd. (“Huada New Materials”) for its initial public offering was passed and approved by the Issuance and Examination Committee of China Securities Regulatory Commission.  Later on 5 August, Huada New Materials was officially listed on the mainboard of Shanghai Stock Exchange.

Founded in 2003, the company is specialized in the production, research and development and sale of multi-function color coating board and hot plating (aluminum) zinc plated steel plates.  Products are sold to more than 20 domestic provinces, cities and autonomous regions, and exported to Europe, Southeast Asia, and Middle East as well.  With years of continuous investment and innovation, the company has developed into a leading enterprise in the field of new materials in Hangzhou and been honored a number of awards.

Grandall Hangzhou Office has been retained as the issuer’s legal counsel with Mr. XU Weimin and Mr. ZHANG Jiaping as key lawyers servicing the case.