Venture(US:VEMLY) Xi Niu Cai Jing·2025-09-28 06:02Core Viewpoint - The Shenzhen Stock Exchange has decided to terminate the review of Jiangsu Ronghui General Lithium Industry Co., Ltd.'s initial public offering (IPO) application for listing on the ChiNext board, following the company's and its sponsor CITIC Securities' voluntary withdrawal of the application [1][2]. Company Overview - Jiangsu Ronghui General Lithium Industry focuses on the research, production, and sales of deep-processed lithium products, with key products including battery-grade lithium carbonate and lithium hydroxide, which are essential materials for lithium-ion batteries used in power, energy storage, and consumer applications [2]. - The company has certain technological advantages in the industry, with multiple self-developed technologies applied to its main business products [2]. IPO History - The Shenzhen Stock Exchange officially accepted Ronghui Lithium's application for listing on June 10, 2022, and the company's IPO was approved by the listing committee on June 8, 2023. However, the company failed to submit the registration for over two years thereafter [2]. - This is not the first attempt by Ronghui Lithium to enter the capital market; the company previously applied for an IPO on the Sci-Tech Innovation Board in December 2020 but withdrew the application in December 2021 due to insufficient "sci-tech attributes" [2]. Impact of Termination - The termination of the IPO may affect Ronghui Lithium's financing plans and the competitive landscape within the industry. The company's future adjustments to its capital operation strategy will be of interest [2].