Grandway Advised ShanDong Inov on Successfully Listing on Beijing Stock Exchange

On April 3, 2023, ShanDong Inov Polyurethane Co., Ltd.(“Inov”) was listed on the Beijing Stock Exchange. Inov publicly issued 34,422,660 shares to to unspecified qualified investors (including the exercise of the over-allotment option).

Established in 2003, Inov is a professional domestic manufacturer of polyurethane raw materials and other downstream derivatives of EO and PO, mainly engaged in the R&D, production and sales of polyurethane raw materials and other downstream derivatives of EO and PO, as well as the construction of plastic runway and other sports field projects. With excellent R&D and product advantages, Inov and several subsidiaries have been awarded as National/Shandong Province Manufacturing Single Champion Demonstration Enterprise, Little Giant enterprise and a specialized and sophisticated enterprise that produces new and unique products, Shandong Province Gazelle Enterprise, Shandong Province Manufacturing High-end Brand Cultivation Enterprise, Shandong Province New Material Leader Top 50 Enterprise, etc.