Press Release

FCIB Acted as the Sole Sponsor and Sole Underwriter for Xiangyang Changyuan Donggu Industrial Co., Ltd.

Xiangyang Changyuan Donggu Industrial Co., Ltd., hereinafter referred to as CYDG, successfully completed the subscription session for its Initial Public Offering of 57.8805 million shares on May 14th,2020,and FCIB acted as the sole sponsor and sole underwriter for the deal. The total amount of funds raised from this issuance is RMB 915,090,700. The winning rate of this online issue is 0.04038773%.

CYDG is a high-tech enterprise integrating the production of automobile engine parts, the import and installation of mechanical equipment, and is committed to providing high-quality and cost-effective parts products for global automobile engine manufacturers. With the profession and mature technology in the field of automation, the company has risen rapidly in the field of machinery manufacturing. CYDG has an experience of professional engine parts production more than ten years , and passed the IATF16949 quality management system certification and ISO14001 environmental management certification.

FCIB’s management and the deal team continued to closely follow the policy and market changes and successfully completed the application process with high quality. Our efficient and effective project execution capability ensured the successful completion of regulatory approval process, and helped us to gain full recognition from the client and regulatory institutions for our strong execution and communication skills. The success of this deal earned a favorable reputation for FCIB in the capital markets.