ZWSOFT Listed on New Third Board in China
Guangzhou, China – May 26, 2017 – ZWSOFT, an innovative supplier of CAD solutions for the MCAD and AEC industries, today announced that it has successfully received the approval from the National Equities Exchange and Quotations (“NEEQ”) in China to list its shares (Stock Code: 871544) on the New Third Board, the over-the-counter stock exchange in China.
“ZWSOFT expects the New Third Board listing to accelerate the growth of ZWSOFT businesses as well as to raise capital from the capital markets if needed to fund its future growth,” said Mason Liu, ZWSOFT Deputy General Manager, “ZWSOFT will continue to increase investment in R & D innovation to improve our core competitiveness.”
“ZWSOFT sincerely thanks the support and trust from all business partners and users,” said Mason, “This successful step laid the foundation for the next round of development.”
Established by the State Council in late 2012, the New Third Board is a national over-the-counter stock exchange that supplements trading activities on the Shanghai and Shenzhen stock exchanges, including the related Growth Equity Market (GEM) exchanges. The New Third Board allows for trading of stock of growth-stage companies that do not otherwise satisfy the requirements for listing on the main Shanghai and Shenzhen stock exchanges, allowing small- to medium-sized enterprises in China access to the capital markets and greater exposure to the investment community.
ZWCAD Software Co., Ltd. is an international CAD software provider through its network of over 300 partners in 80+ countries and regions. Its product ZWCAD is used by CAD designers across the AEC and MCAD industries.