Luoyang Northglass' first application was passed through Stock Supervisory Committee

Yesterday, Luoyang North Glass Technology Co., Ltd handed in the first application that has passed through Stock Supervisory Committee. This time, the company planned to issue 67 million shares in Shen Zhen Stock Exchange, total 267 million shares.

 Luoyang Northglass Technology Co., Ltd, founded by board chairman Gao Xueming on May 18, 1995 in Luoyang Hi-Tech Development Zone, is mainly engaged in the research and development of glass post-processing technologies and equipments featuring glass tempering technology. With approval from Henan provincial government, it was converted into a company limited by shares on May 18, 2000. The largest shareholder Gao Xueming offered shares as incentive to senior management and technical cadres, a total of 27 management and technical backbones and staff representatives currently make up the Board of Directors, Board of Supervisors and business organization, with a labour union and a Party branch already established. The company, whose registered capital is RMB200 million with net assets of RMB300 million, now has more than 1,500 employees, of whom over 25% are specialized technical personnel. The company covers more than 400 mu, with factory building area of approx. 120, 000m2.

Presently, the company enjoys a higher global ranking among similar enterprises in terms of product sales, technology possession and comprehensive strength.

Luoyang Northglass is accredited by Henan Science and Technology Department as a “high-tech company” and is honored as Luoyang municipal and Henan provincial “excellent private technology enterprise”. “Northglass tempering technology”, listed by State Science and Technology Commission as “state-level Torch Program item”, has acquired a number of national patents;