In May 2022, Jiangsu Lopal Tech Co., Ltd. (603906.SH) (“Lopal”) has successfully completed its non-public offering of A shares after the application being passed and approved by China Securities Regulatory Commission on 14 March 2022. Grandall Shanghai has been retained as the legal counsel with ZHANG Zechuan and XIA Binbing as key lawyers serving the case.

As a leading green energy and green chemistry expert enterprise in China, Lopal is specialized in the fields of automotive chemicals, automotive urea, lithium battery materials, hydrogen energy, and biotechnology. After years of efforts, it has formed a green industry pattern of diversified development, and promoted its development into a new era. 

The company intends to raise an amount of RMB 2.2 billion in this non-public offering, mainly for several new green energy production projects, which will further expand its production capacity, meet the growing demand of customers, consolidate the market share and maintain the dominant position in the industry.