Wanrun subsidiary completes IPO coaching for Beijing Stock Exchange listing

China Energy Conservation and Environmental Protection Wanrun Co., Ltd. (Wanrun Co.) announced that its controlled subsidiary, Yantai Jiumu Chemical Co., Ltd. (Jiumu Chemical), has successfully completed its coaching and acceptance process for a public offering and subsequent listing on the Beijing Stock Exchange (BSE). Jiumu Chemical, currently listed on the National Equities Exchange and Quotations, received the "Letter on the Completion of Coaching Work by CITIC Securities Co., Ltd." from the Shandong Securities Regulatory Bureau on September 10, 2025.

The proposed listing follows approvals from Wanrun Co.'s sixth board of directors and its second extraordinary general meeting in July 2025. These meetings endorsed the subsidiary's plan to publicly issue shares and list them on the BSE.

Wanrun Co. cautioned investors about potential risks, including the possibility that Jiumu Chemical's application might not pass the BSE's review or the China Securities Regulatory Commission's registration, or that the public offering could fail, preventing the listing. The company confirmed it would provide timely updates on the progress in accordance with relevant laws and regulations.