GEM issued GDR and listed on the Swiss Stock Exchange with the conditional approval of the Swiss Exchange Regulatory Authority
Publish Date:2022-07-21 Hits:148

On July 20, 2022, GEM received a letter of decision from the Swiss Exchange Regulatory Authority to list up to 47,835,222 Global Depositary Receipts ("GDRs") issued by the company on the Swiss Stock Exchange. Thus, the channels for GEM to issue GDR in the Swiss Stock Exchange and get listed in the Swiss Stock Exchange have been opened completely.

This year, on April 30, GEM revealed its listed abroad program for the first time. GEM planned to issue GDR and list on the Swiss Exchange to support the development of the European power battery recycling project and power battery resources. The insurance and listing promote the company's internationalization layout, developing the company's international financing channels, and further strengthening the global brand influence. On May 24, the China Securities Regulatory Commission received the company's application to issue GDR on the Swiss Stock Exchange and list on the Swiss Stock Exchange. On June 22, GEM obtained the approval of the China Securities Regulatory Commission. On July 20, the conditional approval of the Swiss Exchange Regulator marks the final sprint stage for the issuance of GDR and the listing on the Swiss Stock Exchange.

Under the historical opportunity of policy, capital, and a new height of Sino-European circular economy cooperation, GEM, as an outstanding representative of China's green enterprises, will promote the realization of GEM's green development strategic goal of "the global core manufacturer of new energy materials and the world's leading urban miner." It makes China's advanced green cycle technology stand out globally, contributes green economic power to building a community with a shared future for humankind, and provides a reliable way for the global development of European green capital.


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