Honghe Technology: 8 Billion Electronic Materials Industrial Park Planned, H-Share Listing On Horizon
Source:China Composites Expo  May 19, 2026
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Shanghai / Huangshi – Recent corporate filings reveal a series of strategic moves by Honghe Electronic Materials Technology Co., Ltd. ("Honghe Technology"), including a major industrial park investment, preparations for an H-share listing, adjustments to fundraising projects, and capital restructuring.

On March 28, Honghe Technology announced that it has signed, through its wholly-owned subsidiary Huangshi Honghe, an agreement with the government of Tieshan District, Huangshi Economic Development Zone, Hubei Province to invest US$8 billion (RMB 8 billion) in the construction of a high-performance electronic materials industrial park.

The project will cover approximately 359 mu (approx. 24 hectares) and will be developed in two phases. The investment plan has been approved by the company's board of directors and is now subject to shareholder approval and relevant regulatory clearances.

H-Share Listing Plans

On the same day, the company disclosed its intention to issue H-shares and seek a listing on the Main Board of The Stock Exchange of Hong Kong Limited. The proposed issue size will not exceed 15% of the company’s total share capital post-issuance, with an over-allotment option granted. Proceeds are intended for production expansion, R&D, debt repayment, and working capital supplementation.

Relevant corporate governance rules have been revised, and an auditing firm for the H-share offering has been appointed. The proposal will be submitted for deliberation at the company’s second extraordinary general meeting of 2026.

Adjustments to Fundraising Project Structures

Also on March 28, the company announced internal structural adjustments to two previously approved fundraising projects:

- High-performance glass fiber yarn production line construction project

-High-performance specialty glass fiber R&D center construction project (total planned investment: RMB 92 million)

The adjustments only optimize the allocation of investment within the projects. The use of funds, implementation entity, and total investment amount remain unchanged. The adjustments have received approval from the sponsoring institution.

Company Profile

Founded in August 1998 and headquartered in the Pudong New Area of Shanghai, Honghe Technology was listed on the Main Board of the Shanghai Stock Exchange in July 2019. Positioned as a "substitute for high-end imported products," the company is a high-tech enterprise specializing in the R&D, production, and sales of mid-to-high-end electronic-grade glass fiber fabrics. It is globally recognized as a leading manufacturer in this specialized field.

Its main products include ultra-thin, extremely thin, and thin electronic-grade glass fiber fabrics. These fabrics, woven from glass fiber yarns of specific specifications, offer excellent insulation, high strength, high heat resistance, high chemical resistance, high flame retardancy, superior electrical properties, and dimensional stability. They are essential raw materials for copper-clad laminates—the core of electronic products—enabling superior electrical and mechanical performance. End applications include smartphones, tablets, laptops, servers, automotive electronics, and other high-tech electronic devices.

Market Position

Honghe Technology has successfully developed ultra-thin and extremely thin fabrics, achieving quality and performance that meet international standards. This has earned the company long-standing recognition from numerous well-known domestic and international downstream customers and granted it full access to the global smartphone manufacturer supply chain.

In the high-end electronic fabric segment, Honghe Technology is one of the few manufacturers globally capable of producing extremely thin fabrics. It has broken the long-standing international monopoly, achieved a historic breakthrough in China’s electronic fabric industry, and significantly reduced domestic market reliance on imported products.