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	Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
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Summary

We are the largest pearlescent pigment producer in the PRC market as measured by revenue in 2020 with a market share of 11.0%, according to the Frost & Sullivan Report. In the global market, we are the fourth largest pearlescent pigment producer as measured by revenue in 2020 with a market share of 3.0%. Our principle products include natural mica-based and synthetic mica-based pearlescent pigment products. Pearlescent pigment products are generally used as colourants in a wide range of industrial and non-industrial applications. The synthetic mica-based pearlescent pigment market is in a state of rapid development and accounted for 15.8% of the PRC pearlescent pigment market of RMB4,843.9 million in 2020. The market size of the global pearlescent pigment market reached RMB18.9 billion in 2020, in which the synthetic mica-based pearlescent pigment market accounted for a market share of 11.7%. Our business principally focuses on the production and sales of a comprehensive portfolio of pearlescent pigment products for use in diverse applications and industries, including industrial coatings, plastics, textiles and leather, cosmetics and automotive coatings. We are a midstream producer in the value chain of pearlescent pigment industry. Our pearlescent pigment products can be broadly divided into (a) natural mica-based pearlescent pigment products; (b) synthetic mica-based pearlescent pigment products; (c) glass flake-based pearlescent pigment products; and (d) silicon oxide-based pearlescent pigment products, and they are sold to customers in the PRC and more than 30 countries and territories in Asia (excluding the PRC), Europe, Africa and South America under our brand of “Chesir Pearl” . In addition, we also produce and sell synthetic mica powder of different granule sizes which can be used for the production of different grades of pearlescent pigment products (including those used in cosmetics, ceramics and automotive applications) and also as raw materials for the production of functional fillers, insulating materials, refractory materials and nickel-hydrogen batteries. Our pearlescent pigment products primarily use natural mica, synthetic mica, glass flakes and silica as substrates, which are coated with a single or multiple layers of metal oxides. As of the Latest Practicable Date, our pearlescent pigment products comprised a comprehensive portfolio of various applications, colours, texture and glossiness, which include 473 natural mica-based pearlescent pigment products, 266 synthetic mica-based pearlescent pigment products, 30 glass flake-based pearlescent pigment products and five silicon oxide-based pearlescent pigment products. Our synthetic mica powder products are of different granule sizes. Our research and development efforts focus on the development of new products and applications, improving our production and processing technology, enhancing our efficiency and upgrading our production plant and machinery. Our research and development efforts are well recognised and we have received a number of awards and recognitions. We obtained the accreditation of “National Intellectual Property Advantage Enterprise” (國家知識產權優勢企業) in 2017 and “Innovative Technology Exemplary Enterprise” (技術創新示範企業) in Guangxi Zhuang Autonomous Region in 2018. One of our registered patents was awarded with gold award in 2014 and three registered patents were awarded with silver award in 2014, 2017 and 2018 in “Guangxi Invention Creation Exhibition and Trade Fair Project” (廣西發明創造成果展覽交易會項目). As a result of our devoted efforts and commitments, we have achieved significant revenue growth during the Track Record Period. Our revenue increased significantly by 38.5% from RMB318.2 million in 2018 to RMB440.6 million in 2019. Our revenue further increased by 29.2% to RMB569.1 million during the year ended 31 December 2020. According to the Frost & Sullivan Report, the market size of the global pearlescent pigment market is expected to reach RMB44.6 billion by 2025 at a CAGR of 23.9% from 2021 to 2025, among which synthetic mica-based pearlescent pigment is expected to account for a market share of 23.6%. The PRC pearlescent pigment market is also in a state of rapid development and is expected to reach RMB14.2 billion by 2025 at a CAGR of 30.8% from 2021 to 2025, among which synthetic mica-based pearlescent pigment products market is expected to reach RMB4.6 billion, accounting for a market share of 32.6%. Source: Global New Material (06616) Prospectus (IPO Date : 2021/06/30)
Listing Market	MAIN
Industry	Diversified Chemicals
Background	Others
Major Business Area	N/A

Corporate Information

Substantial Shareholders	SU Ertian & Associates (34.47%) Guangxi Guidong Electric Power Co., Ltd. (8.65%)
Directors	SU Ertian (Chairman and Chief Executive Officer and Executive Director) BAI Zhihuan (Vice President and Executive Director) JIN Zengqin (Executive Director) ZHOU Fangchao (Executive Director) ZENG Zhu (Executive Director) LIM Kwang Su (Executive Director) HU Yongxiang (Non-Executive Director) HAN Gaorong (Independent Non-Executive Director) LEUNG Kwai Wah Alex (Independent Non-Executive Director) HUI Chi Fung (Independent Non-Executive Director) CHEN Fadong (Independent Non-Executive Director)
Company Secretary	ZHOU Fangchao Cheung Ka Lun Karen
Principal Bankers	Citibank (Hong Kong) Limited Bank of Liuzhou Co., Ltd. Liuzhou Urban Rural Credit Cooperative Union
Solicitors
Auditors	RSM Hong Kong
Registered Office	Room 2703, 27th Floor, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong
Share Registrars	Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No	(852) 2980-1333
Internet Address	http://www.chesir.com
Email Address	public@chesir.com
Tel No	(86 772) 682-5678
Fax No	(86 772) 682-5678

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