On March 3rd, the Shanghai Municipal Committee of the Shenzhen Stock Exchange announced that Yangzhou Huitong Technology Co., Ltd. was approved for its initial public offering, becoming the second A-share listed enterprise in the Economic and Technological Development Zone after Yapu Automotive Parts Co., Ltd. It is also the first investment project since the establishment of the Economic and Technological Development Investment Group in our district and the market-oriented promotion of state-owned capital to empower the real economy.

Huitong Technology is a professional provider of chemical engineering high-end equipment and overall product technical solutions. It is mainly engaged in equipment manufacturing, design consulting and engineering general contracting business in the field of polymer materials and hydrogen peroxide production, and has comprehensive technical services in the whole process from design, main equipment manufacturing to device start-up. In this IPO, Huitong Technology plans to raise 402 million yuan to be used for the intelligent upgrading and technological transformation project of high-end chemical equipment production lines and the technology research and development center (Huitong Research Institute) project.

In the stage of enterprise Pro-IPO financing, Yangzhou Economic and Technological Development Investment Group successfully introduced well-known domestic investment institution Yida Capital as the lead investor, achieving joint investment between district level government guidance funds, provincial special funds, and private funds, attracting "financial vitality" for industrial innovation in the Economic and Technological Development Zone, and forming good support for Huitong Technology to optimize its equity structure, improve corporate governance, enhance resource integration capabilities, and increase capital market recognition.

In July 2021, in order to promote the market-oriented development of state-owned enterprises in the Economic and Technological Development Zone, standardized operations such as investment and financing, industrial cultivation, and capital operation were carried out to achieve the preservation and appreciation of state-owned assets, laying the "seeds" for the transformation, upgrading, and development of the Economic and Technological Development Zone. The Economic and Technological Development Investment Group was born.

Since its establishment, the group has attracted well-known domestic institutions such as Yida Capital, Linxin Capital, and Guolian Tongbao to settle six types of funds in our district, and has initially established a "mother+child+direct investment" fund system. Through the leverage effect of state-owned funds on social capital, the scale of funds invested in our district has rapidly grown from 100 million yuan before the group's establishment to 3 billion yuan, with over 40 investment projects, except for Huitong Technology, which has already undergone an IPO on the ChiNext board, Another 1 project has been listed on the Beijing Stock Exchange, and 5 projects plan to apply for IPO.

Next, the Economic Development Investment Group will focus on expanding the scale of funds, serving the landing of major projects, achieving long-term stable returns, promoting fund investment, and providing similar financial services, in order to build a regional first-class financial investment group.