According to Zhitong Finance App News, Tongcheng New Materials (603650.SH) announced that the basic number of H shares issued by the company in the global sale is 68,187 million shares, of which initial arrangements have been made for a public sale of 6.8119 million shares in Hong Kong (which can be redistributed), accounting for about 10% of the total number of global sales; 61.3068 million shares will be sold internationally (which can be reallocated), accounting for about 90% of the total number of shares sold globally.

The price range for the company's current H share offering was initially determined to be HK$39/share to HK$44/share. The Hong Kong public sale of the company's H shares began on September 21, 2026, and is expected to end on September 24, 2026, and the issuance price is expected to be announced before September 28, 2026 (including that date). The H shares issued by the company are expected to be listed and traded on the Hong Kong Stock Exchange on September 29, 2026.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.