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Beijing Dayuan Successfully Listed on New “Over-The-Counter Market” (New OTC Market)

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Beijing Dayuan Nonwoven fabric Corp., Ltd. was successfully listed on the National Small and Medium-sized Enterprise Equity Transfer System ("New over-the-counter market ") on April 21st. The securities were abbreviated as "Beijing Dayuan", stock code: 871126.

Zou Guanghui, chairman of Beijing Dayuan, rang the bell for the company. Li Guimei, vice president of the China Industrial Textiles Industry Association, and Liu Ruibiao, vice president of the China Textile Academy, were invited to attend the listing ceremony. Zhang Zhiyu, general manager of Beijing Dayuan expressed in his speech that after the listing, the company will focus more on the research and development and manufacturing of high-tier hygiene materials, and achieve rapid and healthy development.

Beijing Dayuan is one of the first nonwoven manufacturers in China to produce air through and spunlace nonwoven. The company has experienced private, Sino-foreign joint ventures and re-private. During this period, while accumulating and optimizing manufacturing processes and technologies, the company has made great strides in attracting talents, building high-quality professional teams and new product development platforms. The company currently has three production sites in Beijing, Tianjin, and Suzhou, with an annual production capacity of 30,000 tons and sales of 600 million RMB. Vice President Li Guimei affirmed the development of Beijing Dayuan for more than 20 years and has now become an excellent manufacturer of high-tier nonwoven materials in the industry.

With the development of China's capital market and the country's strong support for the new over-the-counter market, especially the introduction of the new OTC market innovation system, a large number of high-quality companies have also emerged in it, and their liveliness is getting higher and higher. Zou Guanghui, chairman of the board of directors, said that the flexible and efficient policies of the New OTC market have opened up the door for capital markets for enterprises, providing more capital means and greater imagination for the development of the company.

“The listing of the New OTC market is an important milestone in development and a new starting point.” Zhang Zhiyu said that Beijing Dayuan will further regulate the operation and information disclosure in accordance with the requirements of modern enterprise systems and listed companies, and expand the scale of production in an orderly manner. At the same time, tailor-made design, innovative product and post-process treatment are getting more and more important. Beijing Dayuan will increase R&D investment, improve capital structure, and strive for providing good product and service to nonwoven industry.