Another material manufacturer has successfully completed its IPO and is a direct competitor to international giants such as Mitsui Chemicals and Dow Chemical

Lushan New Materials is a high-tech enterprise dedicated to the research, development, production, and sales of green, environmentally friendly, and high-performance polymer hot melt adhesive materials. Its products are widely used in various fields such as composite building materials, energy pipelines, high barrier packaging, photovoltaic new energy, and flat panel displays, providing comprehensive adhesive solutions for customers in multiple countries and regions around the world. It is one of the leading high-performance hot melt adhesive material enterprises in China.

As of the date of signing the prospectus, the controlling shareholders and actual controllers of the issuer Lushan New Materials are Wang Jiasheng and Han Lina, who are husband and wife. Wang Jiasheng directly holds 34.1116 million shares of the company, accounting for 49.43% of the total share capital; Han Lina directly holds 6.6248 million shares of the company, accounting for 9.60% of the total share capital, and indirectly controls 3.38% of the issuer's shares through Lushan Information, totaling 12.98% of the issuer's shares. Therefore, Wang Jiasheng and Han Lina control a total of 62.41% of the shares of the issuer, and are the controlling shareholders and actual controllers of the issuer.

Lushan New Materials plans to be listed on the main board of the Shanghai Stock Exchange this time, with a planned public offering of no more than 23.030 million RMB ordinary shares. The company's shareholders will not publicly issue shares, and the total amount of publicly issued shares will account for no less than 25% of the company's total share capital after issuance. Lushan New Materials plans to raise 593 million yuan, which will be used for various purposesFunctional polyolefin hot melt adhesiveExpansion project, functional polyolefin hot melt adhesive technology renovation project, TOCF optical film expansion project, R&D center construction project, and supplementary operating funds related to the main business.