China Treasures New Materials Group Ltd. (Stock code: 2439) has been successfully listed on the Main board of the HKEX on 31 Mar 2023, the maximum fund raising size is HK$262.5M.

China Treasures New Materials Group Ltd is a China-based company mainly engaged in the manufacture of plastic products. The Company's main business is the development and manufacture of biodegradable plastic products. The Company operates in two segments: Development and manufacture of biodegradable plastic products segment and Development and manufacture of non-biodegradable automobile plastic parts segment. The Company conducts its operations mainly in the domestic market. The Company's biodegradable plastic products mainly consist of biodegradable roll bags, biodegradable shopping bags, and biodegradable packaging stretch films, which are mostly sold to chain supermarkets, department stores, and shopping malls. 

CBI is honoured to be engaged in providing Due Diligence and Site Investigation services with regards to this listing application.