Chuangda Materials in WND. [Photo/WeChat account: xinwu_wx]

Chuangda Materials was listed on the Beijing Stock Exchange on April 13, marking another milestone for the capital market development of Wuxi National Hi-Tech District (WND).

Founded in 2003, the company specializes in high-performance thermosetting composite materials. It also provides epoxy engineering materials and supporting services for cleanroom construction in the electronics industry.

Chuangda is the second firm from WND to go public this year and the third in Wuxi. With this latest listing, the total number of listed companies in WND has reached 49, with more than 100 enterprises in the pipeline, underscoring the district's growing appeal as a hub for industry and capital.

The company raised a total of 241 million yuan ($35 million) through the listing. The funds will be used to support the construction of a production line with an annual capacity of 12,000 metric tons of key materials for semiconductor packaging, a research and development center and the replenishment of working capital.

A panoramic view of WND. [Photo/WeChat account: xinwu_wx]