Zhong Guo Jing Ji Wang·2025-09-21 07:17Core Viewpoint - The Shenzhen Stock Exchange has decided to terminate the review of Jiangsu Ronghui General Lithium Industry Co., Ltd.'s initial public offering (IPO) and listing on the ChiNext board due to the company's withdrawal of its application [1][3]. Company Overview - Jiangsu Ronghui General Lithium Industry Co., Ltd. specializes in the research, production, and sales of deep-processed lithium products, primarily battery-grade lithium carbonate and battery-grade lithium hydroxide, which are essential materials for lithium-ion battery cathodes [3][4]. - The company's controlling shareholders are Li Nanping and Chen Mengshan, who collectively hold 173.59965 million shares, accounting for 42.43% of the company's total share capital before the issuance [3]. IPO Details - The company originally planned to issue no more than 13.63783 million shares, representing up to 25% of the post-issue total share capital, with a minimum of 10% [4]. - The intended fundraising amount was 306 million yuan, allocated for a project to produce 68,000 tons of battery-grade lithium hydroxide, a research and development center, and to supplement working capital [4][5]. Project Investment Breakdown - The total investment for the 68,000 tons battery-grade lithium hydroxide project is 226.124 million yuan, with 207 million yuan already invested [5]. - The R&D center construction project has a total investment of 9.22165 million yuan, with 9 million yuan already invested [5]. - The total investment for working capital is 90 million yuan [5].