DeHeng Advised Zhonghong Pulin

on Obtaining Approval for IPO of A Shares

2020-11-11

On November 10, 2020, the application of Zhonghong Pulin Medical Products Co., Ltd. ("Zhonghong Pulin") for initial public offering of A shares was approved at the 43rd meeting of 2020 of the ChiNext IPO Committee of Shenzhen Stock Exchange.

Founded in 2010, Zhonghong Pulin is a state-owned holding company controlled by Xiamen Municipal State-owned Assets Supervision and Administration Commission. It is mainly engaged in the R&D, production and sales of high-quality nitrile gloves, PVC gloves and other medical and industrial disposable protective gloves. It is one of the first Chinese companies to produce and sell PVC gloves and nitrile gloves. Since its establishment, it has been focusing on the field of disposable protective equipment, and is committed to providing clients in the medical, protection, food, electronics and other industries with protective gloves of reliable, excellent quality. It leads the country in terms of production capacity of disposable protective gloves, especially nitrile gloves. It is among the first Chinese enterprises to mass produce nitrile gloves and has now grown into a leading nitrile gloves manufacturer in China.

Shortly after the outbreak of COVID-19 this year, as one of the key national anti-coronavirus companies, Zhonghong Pulin has taken the lead in donating medical protective gloves to the front line of epidemic prevention and control at home and abroad, and supported domestic and international fight against COVID-19 and resumption of production with practical actions, demonstrating its strong sense of corporate social responsibility.

As the issuer's legal counsel, the DeHeng team was led by partners Xu Jianjun, Wu Lianhua and Zhu Min, with primary support from lawyers Zhang Dingcheng and Rong Qiuli as well as paralegal Liao Qiyue. They worked closely with the issuer and other intermediary agencies and provided professional, efficient, high-quality and comprehensive legal services for the client. In the future, DeHeng will continue to provide the client with high-quality legal services and help it develop into a world-renowned protective product company.