Red Avenue New Materials Group Co., Ltd. (Ticker: 9607 HK) is a Chinese new materials company engaged in the R&D, production and sale of rubber additives, electronic materials and fully biodegradable materials. Red Avenue, which has been listed on the Shanghai Stock Exchange since 2018, plans to list its H shares on the Hong Kong Stock Exchange on September 29, 2026.

The company plans to offer approximately 68.12 million primary shares at HKD 39.00-44.00 per share, raising up to approximately HKD 3.0 billion (approximately $382 million). Its products include phenolic resins and other rubber additives used in tyres, semiconductor and display photoresists, CMP polishing pads, high-purity solvents and PBAT biodegradable materials.

According to Frost & Sullivan data cited in the prospectus, Red Avenue ranked first globally in phenolic resin rubber additives for tyres by 2025 sales revenue, with a 41.4% market share, and ranked first among local suppliers in China’s semiconductor and TFT-array photoresist markets. The company operates seven production facilities in China and is developing a new rubber-additives production base in Thailand.