Shenzhen Zhongxing New Material Technology Co., Ltd., a leading lithium battery separator in the industry, has aborted its listing on the Science and Technology Innovation Board. On September 5, Zhongxing New Material and its sponsor respectively submitted applications to withdraw the listing application. According to the regulations, the Shanghai Stock Exchange terminated the review of Zhongxing New Material's initial public offering of shares and listing on the Science and Technology Innovation Board.

This IPO, Zhongxing New Material originally planned to raise 1.3 billion yuan. It is worth noting that Zhongxing New Material is the brother company of ZTE Communications.