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Red Avenue New Materials, a prominent enterprise specializing in semiconductor photoresist, has officially commenced trading on the Hong Kong Stock Exchange, thereby accomplishing the milestone of dual A+H share listings. As a frontrunner among China's integrated new materials providers, Red Avenue clinched the top spot in terms of global and domestic market sales revenue for phenolic resin rubber additives utilized in tires during the fiscal year 2025. Additionally, it emerged as the leader among local suppliers in both China's semiconductor photoresist market and the TFT array photoresist market.
Effective from September 29, 2026, Red Avenue has been incorporated into the eligible securities list for the Stock Connect Southbound. This strategic inclusion is poised to broaden its investor base and is likely to bolster the trading liquidity of the company's H-shares.
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