In the morning of November 27, 2017, ZHANG Xinwen, the former secretary of the Party Committee and director of China Securities Regulatory Commission Beijing Office, China Securities Issuance Examination Committee member, professor ZHANG Ping, a researcher from Study on the Strategy of Education Culture Institute of Peking University, and leaders from Jiangsu Nanda Ancor Capital Market Institute visited Dowell Co., Ltd. SUN Qiujian, the chairman of the board of Dowell Co., Ltd, SUN Zhongyao, the vice general manager of Dowell Co., Ltd, MA Zuopo, a member of the board of Dowell Co., Ltd, LI Guangzhi, secretary of the board, CHEN Jianbo, the chairman assistant, and SHANG Shouliang, the technical director received the team and accompanied the observation.
visiting the manufacturing workshop of magnesium alloy automobile hubs
viewing the processing of hub machines
The team visited the production line of magnesium alloy automobile hubs and the production line of aluminum magnesium alloy profiles. They got detailed information about the equipment configuration, the conditions of production, and the production technologies of the products, the supply of the raw materials, and the market space for the products, etc.
During the observation, the team got detailed information about the growth history of Dowell, and gave analysis and guidance to the weak parts of Dowell. Meanwhile, they provide Dowell with strategic advices to the IPO work to be carried out. Mr ZHANG Xinwen from the team said that the development concept of Dowell was ahead of time. The market of magnesium hub had a huge potential, and the enterprise would experience a faster growth. At the same time, he asked Dowell to set up an IPO expert team as soon as possible and start IPO early in accordance with law so as to march to the main board market with the shortest time.
The managers of Dowell explained to every question put forward by the observation team carefully and agreed to call intermediary organizations including securities traders, law firms, accounting firms soon to set up an expert team. Dowell will start IPO work early and enter the main board market as soon as possible. Meanwhile, Dowell is dedicated to enlarge and strengthen “magnesium” cause, and try to make magnesium alloy automobile hub into a clustered product series in 3 to 5 years. At last, both parties reached a consensus to set up an expert guidance team with professor ZHANG Ping at the core.
the chairman of the board of Dowell Co., Ltd with observation team members