Tangshan Sanyou's subsidiary fails to attract investors

Tangshan Sanyou Chemical Industries (SSE:600409) announced that its subsidiary, Tangshan Sanyou Silicon Industries, has terminated its plan to introduce investors through a public listing. The decision comes after the public listing period, which ran from March 11, 2025, to May 22, 2025, failed to attract any qualified investors. The original plan, approved on February 26, 2025, aimed to raise no more than CNY 20,000 million through the issuance of shares to no more than two investors. The company stated that the termination of the listing is not expected to have any material adverse effect on Tangshan Sanyou Silicon Industries or the company. Tangshan Sanyou Chemical Industries advises investors to exercise caution.