MEGA P&C Rings the Bell, Marking a New Beginning and a New Journey

On November 7, 2023, MEGA P&C Advanced Materials (Shanghai) Co., Ltd. (hereinafter referred to as "MEGA P&C") rang the bell at the Shanghai Stock Exchange, signifying its debut as the "first A-share company in China specializing in wind power coatings and container coatings."

MEGA P&C (603062.SH) issued 27 million shares in this IPO, with a total of 108 million shares post-issuance. The offering price was set at RMB 58.08 per share, raising a total of RMB 1.568 billion. The funds raised will primarily be used for the construction of a new annual production capacity of 70,000 tons of high-performance coatings, the Jiading headquarters and R&D center project, intelligent warehousing construction, marketing and service network development, and supplementing working capital.

Since its establishment in 2002, MEGA P&C has been committed to growth and enhancing its market position. Today, we are honored to announce our official listing. This is a milestone for us, marking a new starting point for the company's development.

As a high-tech enterprise dedicated to the R&D, production, and sales of high-performance industrial coatings, MEGA P&C has, through two decades of continuous accumulation and exploration, established leading R&D capabilities, excellent quality control, and reliable, timely, and professional technical services. The company has carved out a path for the localization of industrial coatings and has grown into an internationally recognized coatings brand. With years of expertise in the coatings industry, the company has built a high-quality customer base, including listed companies, state-owned enterprises, and large corporations.

The successful listing of the company is the result of our relentless efforts and the support of all stakeholders. We extend our gratitude to all employees for their hard work and dedication, as well as to our partners and investors for their continued support and trust. We will maintain our innovative mindset and efficient operations within the industry, creating more value for all shareholders, employees, society, and stakeholders.

Wong Yin Yee, Chairman of MEGA P&C, stated, "In the future, we will continue to focus on three major sectors: renewable energy, marine transportation, and large-scale infrastructure. Leveraging our technological and customer advantages in wind turbine blade coatings and container coatings, we will expand into new business areas such as wind turbine tower coatings, marine coatings, offshore equipment coatings, energy storage equipment coatings, and solar coatings. We will continue to increase R&D investment to lay the foundation for the company's long-term and sustainable development. At the same time, we are dedicated to advancing the green, high-quality development of China's coatings industry and boosting its global influence."

We firmly believe that the listing is just the beginning of our company's journey. We will adopt a more proactive approach, set higher goals, and implement stricter management standards to continuously pursue excellence. We look forward to working hand in hand with our investors to create a brighter future and achieve mutual growth and success!