On the evening of April 3, 2020, the CSRC approved the initial application of Suzhou Saiwu Application Technology Co., Ltd. (hereinafter referred to as “Saiwu application”) in Shanghai stock exchange according to legal procedures. Become the third photovoltaic enterprise to be listed this year.

According to the data, Saiwu application was founded in 2008, mainly engaged in the research, development, production and sales of functional polymer materials with film morphology. The company combines the dry technology of “material design, resin modification, adhesive formula, interface technology, test and evaluation” with the process technology of “coating, composite, tape casting film” to form a technology platform. On the same technology platform, the company continuously develops functional materials suitable for different application fields, and realizes concentric circle diversified business model. At the same time, the company has common experience in different market segments Through innovation engineering, we can achieve the competitive advantage of differentiation or cost. At present, the company has formed two business segments of photovoltaic and non photovoltaic, and established three product systems of photovoltaic materials, industrial tape materials and electronic and electrical materials. The products are widely used in photovoltaic, smart phones, acoustic products, high-speed rail vehicles and intelligent air conditioning.

Saiwu application becomes the third photovoltaic enterprise to be listed this year

In this IPO, Saiwu application is underwritten by Soochow securities. It plans to issue no less than 40 million shares in the Shanghai Stock Exchange and raise 674 million yuan to develop projects with an annual output of 33 million square meters of solar backboard.

The actual controllers of the company are Wu Xiaoping and his wife Wu Pingping. As of the signing date of the prospectus submitted by November 19, 2018, Wu Xiaoping and Wu Pingping jointly hold 100.00% equity of Suzhou Panyang, the controlling shareholder of the company; in addition, Wu Pingping is the executive partner of Suzhou Suyu and Suzhou saiying, and Wu Xiaoping and Wu Pingping jointly hold 40.27% property share of Suzhou Suyu and 9.49% property share of Suzhou saiying. Wu Xiaoping, Wu Pingping and his wife jointly control 40.2134% of the equity of the company through Suzhou Fanyang, Suzhou Suyu and Suzhou saiying.

Editor in charge: WV

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