On 2 September 2026, Hangzhou Grascent Co., Ltd. (301688.SZ, "Grascent") was officially listed on the ChiNext Market of the Shenzhen Stock Exchange. Grascent issued 33,333,334 new shares in this offering at RMB 26.33 per share, raising approximately RMB 877.67 million.
Grandall Hangzhou has been retained as the issuer's special legal counsel, with partner YANG Zhao, lawyers WANG Xiaoli, GUO Zhengjie and YANG Ziyun as key lawyers serving the project.