A Milestone for Tongli’s Parent Company: Pamica Announces Successful IPO

Shenzhen, March 28, 2024 — Pamica, the parent company of Tongli, has made a significant leap forward by going public today. The company’s initial public offering (IPO) marks a momentous occasion in its journey of growth and innovation.

About Pamica

Pamica is a leading developer and manufacturer of electrical and thermal insulating materials. Their product portfolio includes mica papers, mica tapes, mica plates, and other specialized products. With a strong presence in China, Pamica has been at the forefront of providing high-quality materials for various industries.

The IPO Event

The IPO ceremony took place at the Shenzhen Stock Exchange, where Pamica’s executives, board members, and key stakeholders gathered to celebrate this historic milestone. The company’s stock symbol, 001359.SZ, debuted with a strong opening price, reflecting investor confidence in its future prospects.

Tongli’s Role

Tongli, a subsidiary of Pamica, specializes in fiberglass clothes. With the IPO, Tongli is poised to accelerate its research and development efforts, bringing innovative products and services to the market.