亚洲最大赌博网站

Guantao advises Shenzhen Newway on its issuance of convertible corporate bonds to non-specific investors

Shenzhen Newway Photomask Making Co., Ltd. (hereinafter referred to as “Shenzhen Newway” or “the Company”) has completed the issuance of convertible corporate bonds to non-specific investors (hereinafter referred to as the “issuance”) and was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on July 10, 2025. The issuance amounted to RMB 615 million.

Shenzhen Newway has long focused on the R&D, production, and sales of high-end photomasks, and its products are widely applied in panel displays, semiconductors, and other key fields. Through years of technological accumulation and independent innovation, the Company has broken the long-term monopoly of foreign manufacturers in products and technologies such as G11 ultra-high-generation photomasks, high-generation high-precision halftone photomasks, and photoresist coating, which is of great significance in promoting the domestic production of key materials in China’s panel display and semiconductor industries and in gradually achieving import substitution. The proceeds from this issuance will be used for the “Semiconductor and High-Precision Panel Display Photomask Production Expansion Project,”, the “Acquisition of Minority Shareholders’ Equity of Chengdu Newway,” and for “Supplementing Working Capital and Repaying Bank Loans.”

Following Shenzhen Newway' initial public offering and listing on the Science and Technology Innovation Board in 2022, Guantao once again acted as Shenzhen Newway' special legal counsel, providing full-scope legal services for this issuance. Partners Huang Yaping, Yang Jian, and Zheng Kexin, together with associates Shi Ming and Wang Yaolin, were deeply involved in all stages of the legal services. The project team earned high recognition and consistent recognition from clients and other stakeholders through its efficient, meticulous, and prudent working style, coupled with solid professional expertise, and outstanding execution.