Jinlong New Materials starts IPO counseling

The website of the China Securities Regulatory Commission disclosed that Hubei Jinlong New Materials Co., Ltd. completed the counseling filing registration with the Hubei Securities Regulatory Bureau on October 20, 2025, intending to conduct an initial public offering and listing of its shares, with Changjiang Securities Underwriting and Sponsorship Co., Ltd. as the counseling broker. The counseling filing report shows that Rao Jincai directly holds 44.98% of the company's shares and controls 23.33% of the shares through his role as the executive partner of Suizhou Xinlong Management Consulting Partnership, Suizhou Qinglong Management Consulting Partnership, and Suizhou Kunlong Management Consulting Partnership, totaling 68.31% of the company's shares, making Rao Jincai the controlling shareholder of the company