On March 23, 2020, ELETILE had an IPO as the first-ever stock in the resilient vinyl flooring industry on the A-share main board of the Shanghai Stock Exchange under the stock code of 603221 and abbreviated as “ELETILE.” Shen Guofang, Deputy Director of the Standing Committee of Suzhou Municipal People’s Congress and Secretary of Zhangjiagang Municipal Party Committee, Pan Guoqiang, Deputy Secretary of the Zhangjiagang Municipal Party Committee and Mayor of Zhangjiagang, Song Zhengxing, Chairman of ELETILE, and Song Jincheng, Vice Chairman and General Manager of ELETILE, jointly struck the opening gong.

Striking the gong to open the market

ELETILE made a public offering of 60 million shares, accounting for 25% of the total equity upon issuance, which is 22.98 times of the issuing P/E ratio. On the same day of listing, ELETILE’s stock price rose to CNY 18.58/share, an increase of 44.03%.

Shen Guofang, Deputy Director of the Standing Committee of Suzhou Municipal People’s Congress and Secretary of Zhangjiagang Municipal Party Committee delivered a speech

Ma Jinbiao, Secretary General of the Association also delivered a speech

Song Jincheng, Vice Chairman and General Manager of ELETILE delivered a speech