Grandway Advised Sanwei on Non-public Offering Approved by CSRC

On November 7, 2022, Sanwei Holding Group Co., Ltd. (stock abbreviation: “Sanwei”, stock code: 603033) was unconditionally approved by the 18th Issuing and Examining Committee of CSRC at its 125th meeting in 2022 for its non-public offering.

Sanwei is mainly engaged in the R&D, production and sales of rubber products, rail transportation products and chemical fiber products, adhering to the corporate vision of “building an international first-class tape and rail transportation products manufacturing base”, around the industrial chain synergy strategy, forming “chemical, transportation” two major fields and “rubber products, railway transportation and chemical fiber” three major businesses. The rubber products of 3D share include rubber conveyor belt and transmission V-belt; the rail transportation products include concrete pillow and rail board; the chemical fiber products include polyester slices and polyester industrial silk.

The total amount of funds to be raised by non-public offering will not exceed RMB 1,000 million, which will be used to supply the working capital after deducting the issuance costs. This non-public offering is conducive to optimize the financial structure of 3D shares, providing financial security for further development, while consolidating the control position of actual controller.