Dongyue Organosilicon Associate, future materials, clears IPO hurdle

Shandong Dongyue Organosilicon Materials (SZSE:300821) announced that its associate, Shandong Dongyue Future Hydrogen Energy Materials, has successfully passed the pre-listing guidance inspection by the Shandong Securities Regulatory Bureau. Future Materials plans to list A-shares on the Shanghai Stock Exchange's Sci-Tech Innovation Board. Dongyue Organosilicon directly holds 22.75 million shares of Future Materials, representing 5.14% of its total share capital before the IPO. The company cautions that the IPO application is still subject to approval by the Shanghai Stock Exchange and registration by the China Securities Regulatory Commission and therefore may not succeed.