Chromarie International Ltd Filed Primary

What the company does

Chromarie International Limited is a Cayman Islands exempted holding company that conducts its operations through PRC subsidiaries, Henan Lingbao New Materials Technology Co., Ltd. and Henan Hongbang New Materials Technology Co., Ltd. The company manufactures pearlescent pigment products that rely on key raw materials such as natural mica, synthetic mica, titanium dioxide, and functional metal oxides. It supplies pigments and related products to customers across different applications and markets. The company does not use a VIE structure, and investors are purchasing equity solely in the Cayman Islands holding company.

Use of proceeds

Because the offering is self-underwritten on a best-efforts basis with no minimum number of shares required to be sold, the company intends to use net proceeds approximately as follows: 20% for research and development, 15% for expansion of sales and overseas business, 50% for renewal and expansion of production capacity equipment, and the balance for working capital and other general corporate purposes. Proceeds remitted to the PRC subsidiaries may be subject to PRC regulations on loans and capital contributions.

Underwriters

The completed effective-prospectus read stated no underwriters.

Extracted from F-1 0001185185-26-002320, filed Jun 3, 2026 and verified against that filing text.

Key risk factors

• Raw material cost volatility and supply disruptions

  “Our pearlescent pigment products rely heavily on the consistent supply and stable pricing of key raw materials, including natural mica, synthetic mica, titanium dioxide, and functional metal oxides.”

• Product quality risk

  “If we fail to maintain consistent product quality, our reputation, customer relationships, and financial results may be materially and adversely affected.”

• Reliance on dividends from PRC Subsidiaries

  “We may rely on dividends and other distributions on equity paid by our PRC Subsidiaries to fund any cash and financing requirements we may have, and any limitation on the ability of our PRC Subsidiaries to make payments to us could have a material and adverse effect on our ability to conduct our business.”

• Difficulty serving legal process from outside China

  “It may be difficult, cumbersome, and time-consuming to deliver legal process documents to us or such current officers reside within China from outside of mainland China.”

• Use of proceeds subject to PRC remittance restrictions

  “If we fail to complete such registrations or obtain such approvals, our ability to use the proceeds from this offering and to capitalize or otherwise fund our PRC operations may be negatively affected, which could materially and adversely affect our liquidity, our ability to fund and expand our business and our Class A Ordinary Shares.”

• No minimum offering and total loss of investment risk

  “You may lose all of your investment in our Class A Ordinary Shares.”

• No established public market

  “There has been no market for our securities and a public market may never develop, or, if any market does develop, it may not be sustained.”