Dezhou Municipal Party Secretary Tian Weidong conducted research on some planned listed companies in Linyi County

On the afternoon of July 4th, Tian Weidong, the Secretary of the Municipal Party Committee, conducted research on some listed and planned listed companies in Linyi County. City leaders Zhao Xuekun and Chen Xiaoqiang attended, accompanied by County Party Secretary Zhang Qi and Company General Manager Meng Zhongliang.

Tian Weidong visited listed companies such as Suotong Development Co., Ltd., Shandong Aofu Environmental Protection Technology Co., Ltd., and planned to go public, Dazheng Te Fiber New Materials Co., Ltd., to conduct research and gain a detailed understanding of their technological innovation, energy conservation and emission reduction, production and operation. Prospective listed companies should fully utilize the opportunities of capital market reform and development, continuously strengthen the standardization construction of enterprises, continuously enhance their independent innovation capabilities and core competitiveness, and firmly embark on the path of listing. All levels and relevant departments should give more prominence to the work of enterprise listing, fully tap and cultivate reserve resources for listing, comprehensively implement various support policies, smooth the "green channel" of listing services, continuously increase publicity and training efforts, and guide and promote more high-quality enterprises to go public.

The company plans to introduce downstream typical customers and research institutions as strategic investors by the end of 2022, laying a more solid foundation for the stable development of the company. The company's shareholders' meeting has determined the equity incentive system, clearly reserving 11% of the equity for core technical personnel, senior management personnel, and key employees, which will be redeemed to specific personnel before the completion of the shareholding reform. The company plans to complete its shareholding reform by the end of 2022 and make arrangements for its equity structure to be listed on the Shenzhen Stock Exchange in 2026.