Core Viewpoint - The Shenzhen Stock Exchange will review the initial public offering (IPO) of Good Electric Materials (Suzhou) Co., Ltd. on December 19, 2025, aiming to raise approximately 1.175 billion yuan for various projects [1] Company Overview - Good Electric Materials focuses on the research, production, and sales of thermal runaway protection components for new energy vehicle power batteries and high-performance insulation products for electrical engineering [1] - The company provides customized thermal runaway protection solutions and high-performance insulation solutions for its clients [1] Fundraising Details - The company plans to raise 1,175.7115 million yuan, which will be allocated to: - Production of 7.25 million sets of new energy vehicle thermal runaway protection components and R&D projects - Construction of a production base for thermal runaway protection materials for lithium-ion batteries - Supplementing working capital [1] Shareholding Structure - The controlling shareholder and actual controller of the company is Zhu Guolai, who directly holds 46.76% of the shares, making him the largest shareholder [1] - Zhu Guolai also controls 9.12% and 3.55% of the voting rights through Suzhou Guohao and Suzhou Guofeng, respectively [1] - Zhu Ying, an acting person in concert with Zhu Guolai, directly holds 1.12% of the shares [1] - Collectively, the controlling shareholders and their concerted actions can control 60.55% of the voting rights [1]