On 11 November 2021, Zhejiang Oceanking Development Co., Ltd. (603213.SH, “Zhenyang Development”) successfully listed on the Main Board of Shanghai Stock Exchange, marking the first enterprise in Zhejiang Transportation Group to complete the mixed-ownership reform, share reform and listing after the current round of state-owned enterprise mixed-ownership reform has been launched.

Zhenyang Development is mainly engaged in the research and development, production and sales of chlor-alkali related products.  The company took the lead in off-peak operation of chlor-alkali plant to reduce the cost of electricity consumption, and has been selected as the first batch of green demonstration factory in Ningbo as well as the fifth batch of Green Factory awarded by the Ministry of Industry and Information Technology.

Grandall Hangzhou Office has been retained as the issuer's legal counsel with XU Weimin (managing partner of Grandall Hangzhou), ZHANG Jiaping, and YAO Fangping providing comprehensive and professional legal service for the client.