Tongcheng New Materials Gets CSRC Recordation for H-Share Issue

Tongcheng New Materials (603650) announced on August 7 that its plan to issue overseas-listed H shares has received recordation from the China Securities Regulatory Commission (CSRC). The Shanghai-listed company's announcement confirms that its H-share issuance plan has obtained the required regulatory clearance under the CSRC's overseas listing framework. The recordation is a mandatory step in the process for Chinese companies seeking to issue H shares.