Grandway Advised Tianmai Thermal Technology on IPO Project Approved by SZSE

On January 19, 2023, Suzhou Tianmai Thermal Technology Co., Ltd. (“Tianmai Thermal Technology”) was approved by ChiNext Listing Committee of Shenzhen Stock Exchange at its 5th deliberation meeting in 2023 for initial public offering of shares and listing on ChiNext of SZSE.

The main business of Tianmai Thermal Technology is R&D, production and sales of thermal conductivity and heat dissipation materials as well as components, and the main products include heat pipes, temperature homogeneous plates, thermal conductivity interface materials, graphite films, etc. Tianmai Thermal Technology focuses on research and application of thermal conductivity and heat dissipation products, and is committed to becoming a leading thermal management solution provider in the industry. After years of accumulation in the field of heat dissipation, Tianmai Thermal Technology has a large number of clients from leading enterprises in the downstream industry, including Samsung, Huawei, Honor, OPPO, Vivo, Motorola, Hikvision, Dahua, CATL, Foxconn, Gimi, etc.

Tianmai Thermal Technology intends to issue not exceed 28,920,000 shares and the total amount of funds to be raised for this Issue will not exceed RMB 394,909,100, which will be used for production base construction project of heat dissipation products, new R&D center project and supplying working capital.