DCSX has approved the listing of 35 million trade-able shares of China Yi Meida Technology Group Holding Co., Ltd. (DCSX Symbol: CNYT) @ USD 0.76 with an initial market capitalization of USD 26.6 million. Suzhou Huayixin Financial Consulting Co., Ltd. is the mandated Listing Advisor.
China Yi Meida Technology Group Holding Co., Ltd. (BVI company No.: 1959409) is a company registered in the British Virgin Islands on October 30, 2017, the holding company of the operating entity Qitaihe Dahang Electronic Technology Co., Ltd., established on January 7, 2010, with actual business in China.
The company is mainly engaged in the research and development, production and sales of electronic products, high-tech environmental protection products, and artificial intelligence products. The current leading products are the intelligent best residential air conditioners, intelligent air purifiers, high-energy hydrogen-rich water cups, smart masks, etc. The products all have the national patent certificate, test report, sci-tech novelty retrieval report, as well as the authoritative and trustworthy title of qualified products awarded by China Association of Product Quality Supervision, the title of AAA credit consumer satisfaction.
At present, the company has set up two sales branches in Baoding, North China, and Harbin, Northeast China, respectively. While expanding the traditional offline sales mode, the company actively develops ecommerce channels and has actively arranged on all major e-commerce platforms in China. At present, the company has established an overseas market department, mainly developing Southeast Asian markets, Indian markets, Sri Lankan markets, and other Southeast Asian countries.
The reason for listing on the DCSX is to create liquidity for the company’s shares issued and may attract future investors. The company’s board of directors hopes to improve corporate governance through this listing. The company’s board of directors promises to accept and abide by the DCSX’s information disclosure and governance rules. If the company plans to issue new shares in the future, it will prepare relevant documents in accordance with the DCSX laws and listing rules and submit them for approval.
Further details about the business can be found on our Markets page on this website under Equities Symbol CNYT, section Company Information.