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On September 29, Red Avenue New Materials, recognized as China's foremost domestic semiconductor photoresist company, officially commenced trading on the Hong Kong Stock Exchange, thereby securing a dual-listing status in both the A-share and H-share markets. The stock opened at a price of HKD 40.00 per share. Concurrently, the Shenzhen Stock Exchange revealed that, in compliance with pertinent regulations, Red Avenue New Materials has been officially added to the roster of securities eligible for trading via the Southbound Trading Link, effective from September 29, 2026. This move is anticipated to broaden the company's investor base and augment the liquidity of its H-share transactions. The firm offered a total of 68.1187 million H-shares globally at an issue price of HKD 44 per share, successfully raising a net sum of HKD 2.901 billion.
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