WOER: Shanghai Keter Clears CSRC Advisory Review, Moves Closer to Beijing Stock Exchange Listing

Bulletin Express06-24

Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (WOER) disclosed that its non-wholly owned subsidiary, Shanghai Keter New Material Co., Ltd., has secured a key regulatory milestone in its planned public offering and transfer of listing from the National Equities Exchange and Quotations to the Beijing Stock Exchange.

On 23 June 2026, Shanghai Keter received the “Letter Regarding the Completion of Inspection and Acceptance for Advisory Work” (Hu Zheng Jian Gong Si Zi [2026] No. 176) from the Shanghai Regulatory Bureau of the China Securities Regulatory Commission (CSRC). The document confirms that Shenwan Hongyuan Financing Services Co., Ltd. has completed the advisory work inspection related to Shanghai Keter’s proposed public offering of shares to unspecified qualified investors and its listing application to the Beijing Stock Exchange.

WOER emphasized that the listing initiative remains contingent on prevailing market conditions and final approvals from the CSRC and the Beijing Stock Exchange. The group pledged to release further announcements in accordance with Hong Kong Listing Rules. Shareholders and potential investors are advised that the transaction may or may not proceed and should exercise caution when dealing in WOER securities.

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