Zhengfan Technology (688596) successfully listed today on the STAR Market of the Shanghai Stock Exchange.

On August 20, 2020, Shanghai Zhengfan Technology Co., Ltd. successfully listed on the STAR Market of the Shanghai Stock Exchange. The stock’s abbreviated name is “Zhengfan Technology,” and its securities code on the STAR Market of the SSE is 688596. This IPO represents the regulatory authorities’ and the capital market’s recognition and high expectations for Zhengfan Technology’s corporate value. The establishment of this capital market platform will serve as a powerful catalyst for Zhengfan Technology’s rapid development, ushering in a new chapter of growth for the company.

Yu Donglei, Chairman of Zhengfan Technology, Chen Yujian, District Mayor of Minhang District, along with representatives from government departments including the Municipal Commission of Economy and Information Technology and the Municipal Science and Technology Commission, industry experts, securities firm representatives, and guests attended the listing ceremony and extended their congratulations.

Currently, China is undergoing a phase of transformation and upgrading in its manufacturing sector. Strategic emerging industries—represented by integrated circuits—are rapidly developing domestically. The growing demand for supply-chain security and import substitution presents unprecedented opportunities for local companies like Zhengfan Technology, which are committed to providing high-quality, specialized products and services.

The funds raised from this IPO by Zhengfan Technology will primarily be used to enhance its capabilities in key supporting equipment and to develop complementary production processes for industries such as semiconductors, new energy, and new light sources. The continuous implementation of these investment projects will further drive the iterative development of Zhengfan Technology’s existing core technologies and flagship products, while also intensifying R&D efforts in new technologies, new products, and emerging application areas. At the same time, the company will further optimize its business structure, unlock greater growth potential, and achieve brand upgrading.

In his speech at the listing ceremony, Dr. Yu Donglei, Chairman of Zhengfan Technology, stated: “Looking ahead, Zhengfan Technology will further leverage its comprehensive strengths—including technology, brand, and channels—to deepen R&D and industrialization in the high-purity process media sector. Through this IPO, the company will further enhance its independent R&D capabilities and its production capacity for core products. It is the inherent duty of corporate managers to deliver high-quality products, strengthen our competitive advantages, and reward our investors. Going public marks a new starting point—but it also signifies an even greater responsibility and a long road ahead. We will spare no effort to uphold integrity, operate in a standardized manner, and deliver outstanding performance to repay our investors.”

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