Dehua TB's affiliate gets IPO approval

Dehua TB New Decoration Material (SZSE:002043) announced that its affiliate, Higold Group, has received approval from the China Securities Regulatory Commission (CSRC) for its IPO application on the main board. The CSRC issued the approval under document number 证监许可(2025)990号. Dehua TB holds a 2.05% stake in Higold, amounting to 7,389,100 shares, out of Higold's total share capital of 360,000,000 shares. The specific timing and pricing of the IPO remain undetermined. The company pledges to keep investors informed of further developments.