Core Viewpoint - Koma Materials (920086) has been listed on the Beijing Stock Exchange, focusing on the research, production, and sales of dry friction plates and wet paper-based friction plates, as well as the development of new friction materials [1][2]. Company Structure - Koma Industrial holds 41,339,000 shares, accounting for 65.87% of the total share capital. Wang Zonghe and Liao Aixia own 84.62% and 15.38% of Koma Industrial, respectively, and are a married couple. Koyuan Industrial holds 3,000,000 shares (4.78%), while Xieli Investment holds 4,250,000 shares (6.77%). Wang Zonghe, Liao Aixia, and Xu Changcheng each hold 21.02%, 71.95%, and 7.02% of Xieli Investment, respectively. Xu Changcheng is the son-in-law of Wang Zonghe and Liao Aixia. Wang Tingting, their daughter, holds 225,000 shares (3.59%) [2][3]. Control and Governance - The actual controllers of the company are Wang Zonghe, Liao Aixia, Xu Changcheng, and Wang Tingting, who have signed a "Joint Action Agreement" to ensure consensus on major business decisions. In case of disagreement, the majority opinion of the actual controllers will prevail, and if consensus cannot be reached, the current chairman will have the final say. Wang Zonghe will be elected as chairman if there is no agreement during the election [3]. Fundraising and Projects - Koma Materials raised a total of 243,927,200.00 yuan, with a net amount of 206,168,000.00 yuan. The funds will be used for the technological transformation project of environmentally friendly clutch friction materials and the upgrade of the research and development center [4].

Group 1 - The Beijing Stock Exchange will hold its 19th review meeting on August 11, 2025, to assess the issuance by Zhejiang Kema Friction Material Co., Ltd. [1] - Kema Material plans to raise funds amounting to 206.168 million yuan, which will be allocated for the dry impregnation environmental-friendly clutch friction material technology upgrade project and the R&D center upgrade project [1] - The sponsor and lead underwriter for Kema Material is Guotou Securities Co., Ltd., with the signing representatives being Wang Yan and Yang Xiaoxuan [1]