JC Master Performance | JC Master Assists Qifeng New Materials in Obtaining Approval from the China Securities Regulatory Commission for the Issuance of Shares to Specific Investors

The China Securities Regulatory Commission recently issued the “Reply on Approving the Registration of the Issuance of Shares by Qifeng New Materials Co., Ltd. to Specific Investors” (CSRC Approval No. [2024] 254), approving Qifeng New Materials Co., Ltd. (hereinafter referred to as “Qifeng New Materials” or the “Company”)’s registration application for the issuance of shares to specific investors.

 

JC Master is supporting Qifeng New Materials in this private placement of A‑shares, which aims to raise no less than RMB 195.5556 million (inclusive) and no more than RMB 274.5760 million (inclusive). After deducting issuance expenses, the proceeds are intended to be invested in the first phase of the 200,000‑ton‑per‑year specialty paper project of Guangxi Qifeng New Materials Co., Ltd.
 

Qifeng New Materials was listed on the Shenzhen Stock Exchange on December 10, 2010, with the stock abbreviation “Qifeng New Materials” and the stock code “002521.” Currently, Qifeng New Materials is one of the leading enterprises in China’s decorative base paper industry that has mastered advanced production technologies for high-end decorative base paper. The company operates a postdoctoral research workstation, a Shandong Provincial Enterprise Technology Center, and the Shandong Provincial Engineering Technology Research Center for Decorative Base Paper. It offers more than 600 patterns across several major product lines, including decorative base paper, latex paper, and hygiene paper. Qifeng New Materials is a principal drafter of nearly ten national and industry standards covering decorative base paper, surface‑wear‑resistant paper, wallpaper base paper, and other products. Recognized by the Ministry of Science and Technology as a key enterprise within the National New Materials Industrialization Base, the company holds over 200 national patents.
 

As the special legal counsel for this offering, the JC Master legal team—comprising Partner Yan Denghong, Partner Wang He, and Attorney Chen Binghui—formed a project team to provide professional and efficient legal support for Qifeng New Materials’ registration application for a share issuance to specific investors. This support included, but was not limited to, assisting in reviewing the issuance plan, the offering prospectus, the application documents, and other relevant legal materials for legality and compliance; conducting due diligence; issuing legal opinions and attorney work reports; and responding to feedback from regulatory authorities. JC Master has delivered professional, high‑quality legal services for this project and will continue to provide clients with outstanding legal assistance, thereby helping companies achieve rapid growth.