Core Viewpoint - The Beijing Stock Exchange has decided to terminate the review of Zhuhai Tianwei New Materials Co., Ltd.'s application for public stock issuance and listing [1][3]. Company Overview - Zhuhai Tianwei New Materials Co., Ltd. focuses on the digital printing sector, specializing in the research, production, and sales of functional materials and supporting products for digital printing [3]. Application and Withdrawal Details - The application for public issuance was accepted by the Beijing Stock Exchange on December 29, 2023, and the company submitted a withdrawal request on March 26, 2025 [3]. - The company originally planned to issue between 1 million and 19.6316 million shares, aiming to raise 300 million yuan for projects including a production base for functional materials and a headquarters R&D center [4][5]. Shareholding Structure - Jieshi International holds 42,811,807 shares, accounting for 72.69% of the total share capital, making it the controlling shareholder [4]. - The actual controller, He Liangmei, has significant influence over the company's board and operational decisions [4].

Core Viewpoint - The Beijing Stock Exchange has decided to terminate the review of Zhuhai Tianwei New Materials Co., Ltd.'s public offering of stocks and listing application [1] Company Overview - Tianwei New Materials was established in 2004 and specializes in the research, development, production, and sales of digital printing functional materials and supporting products [2] - The company has previously applied for an IPO on the ChiNext board in 2020 but withdrew its application in December 2021 [5] Financial Performance - The projected revenues for Tianwei New Materials for the years 2022, 2023, and 2024 are 424.79 million yuan, 524.94 million yuan, and 624.75 million yuan respectively [3] - The net profits attributable to shareholders for the same years are projected to be 41.82 million yuan, 85.21 million yuan, and 102.00 million yuan respectively [3] IPO Details - The total investment for the IPO projects is approximately 538.58 million yuan, with 300 million yuan intended to be raised [4] - The key projects include a production base for digital printing functional materials with an annual capacity of 31,000 tons, a headquarters R&D center, and supplementary working capital [3][4] Shareholding Structure - Jieshi International Limited holds 42,811,807 shares, accounting for 72.69% of the company's total equity, making it the controlling shareholder [4] - The chairman, He Liangmei, controls a total of 82.32% of the shares, establishing her as the actual controller of the company [4] Comparable Companies - Comparable companies in the same industry include Nal Shares (002825.SZ), Hongsheng Digital (430616.NQ), Chuanmeixun (874023.NQ), and Lanyu Shares (301585.SZ) [3]