What is the main motivation for Zijiang enterprises to spin off Zijiang new materials for listing?

Broaden financing channels. Since the spin-off and listing of Zijiang New Materials helps to fully release its intrinsic value, from the perspective of structural optimization, the spin-off and listing of Zijiang New Materials will help to further broaden financing channels, improve the overall financing efficiency of the company, reduce the overall asset-liability ratio and enhance the company's comprehensive strength. Zijiang, founded in 198 1, is a private investment holding group rooted in Shanghai.