On Jun. 13, the Issuance Examination Committee of China Securities Regulatory Commission examined the private placement of A shares by SEMCORP (Yunnan SEMCORP New Materials Co., Ltd.). According to examination results, this round of private placement of A shares by SEMCORP has been approved.

In November of 2021, SEMCORP disclosed its plans for private placement of shares to issue no more than 267,721,996 non-public shares to no more than 35 designated investors and to raise no more than 12.8 billion yuan, which will be used for Chongqing SEMCORP High Functionality Lithium-ion Battery Mini-Puncture Separator Project, Jiangsu SEMCORP Automobile Power Battery Separator Industrialization Project, Jiangsu Ruijie Automobile Power Battery Aluminum Module Industrialization Project, the Suzhou Jieli Lithium-ion Battery Coating Separator Annual Capacity Reaching 200 Million Square Meters Project and to shore up working capital.

SEMCORP has been plowing in the separator sector for years, accumulated rich experiences in researching and developing compound separator materials and has trained highly competent teams in R&D, manufacturing and sales. SEMCORP product R&D team gives full play to the research results of wet separator production and coating improvement, their production experience and technological advantage in macromolecular separator, to continue in improvement and innovation so as to produce lithium-ion battery separators of high functionality, quality and economic value. 

SEMCORP is the world’s largest supplier of lithium-ion battery separator by volume sold and has the highest global market share. SEMCORP has been incorporated into the supply chain for global mainstream lithium-ion battery manufacturers including domestic and overseas lithium-ion battery giants such as Panasonic, LG Energy Solution, Ltd, SAMSUNG SDI, BYD and GOTION HI-TECH, all of whom are leaders in the new energy sector. During our long-term cooperation, SEMCORP has formed stable and sound partnerships with clients.

From Left to Right: Sponsor Representative Liu Chunqin, Presidential Assistant Pang Qizhi, Vice President of SEMCORP Li Xiaohua and Sponsor Representative Wang Jiaji

The approval for this round of private placement will facilitate the long-term development of the company, providing strong support for improving the company’s market competitiveness, which will further solidify the company’s leadership position in the global lithium-ion battery separator industry.