Hangzhou Qianyang Technology Co., Ltd., plans to issue the initial public offerings (IPO). The company has submitted an IPO application to Beijing Stock Exchange. Out of the fund raised, RMB 131 million is to be used in the 43 kt/a environmentally friendly new materials project, which is located inside Zhejiang Xinqianyang Environmental Protection Technology Co., Ltd. When the project is completed, the company will have capacity of producing phosphate and silicone resin products, specifically like triethyl phosphate, octyl phosphate, tributyl phosphate, tributyloxyethyl phosphate and methyl silicone resin, methylphenyl silicone resin, amino silicone resin, modified silicone resin, silicone resin emulsion, modified silicone resin emulsion etc.