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Guantao advises Zhongce Rubber on its successful listing on the Main Board of SSE

On June 5, 2025, Zhongce Rubber Group Co., Ltd. (stock abbreviation:Zhongce Rubber, stock code: 603049) was successfully listed on the Shanghai Stock Exchange. The company issued 87.4486 million shares in its initial public offering at an issue price of RMB46.50 per share. Upon market opening, the company’s total market capitalization exceeded RMP 45 billion.

Zhongce Rubber, formerly known as Hangzhou Haichao Rubber Factory, was established in 1958. It has since developed into a major tire enterprise integrating R&D, manufacturing, sales, and automotive aftermarket services. The company owns a portfolio of well-known brands, including Westlake, Goodride, Chaoyang, Arisun, Trazano, Yartu, Golden Crown, Ni-Pon, Entda, Ornate, Risen, etc.. Zhongce Rubber operates six major R&D centers and twelve manufacturing bases worldwide. It has ranked as the No.1 tire enterprise in Mainland China for sixteen consecutive years, been listed among the Fortune 500 China Manufacturing Enterprises for fourteen consecutive years, and maintained a place among the world’s top ten tire enterprises for twelve consecutive years.

Guantao Law Firm acted as the legal counsel to the sponsor (lead underwriter)providing comprehensive and professional legal services throughout the entire process of the project. The project was led byMr. Sun Dongying with Mr. Zhang Wenliang and Mr. Zhou Wei serving as responsible partners, and Mr. Wang Chaoyi and others as supporting associates.