Ostin Technology Group Successfully Listed on NASDAQ

On April 27th, 2022 – The Ordinary Shares of Ostin Technology Group Co., Ltd. (NASDAQ: OST) have been approved for listing on the Nasdaq Capital Market and are expected to commence trading with the price of its initial public offering of 3,375,000 ordinary shares at a public offering price of $4.00 per share for the total gross proceeds of $13,500,000 before deducting underwriting discounts and offering expenses.


The company has granted the underwriters an option, exercisable within 45 days from the closing date of the Offering, to purchase up to an additional 506,250 shares at the public offering price, less underwriting discounts and commissions, to cover over-allotment, if any. The Offering is expected to close on April 29, 2022, subject to customary closing conditions.

The listing ceremony of the company was held on time at 20:48 on April 27. For the needs of epidemic prevention of COVID-19, the ceremony set up in both Nanjing and Chengdu, online and offline simultaneously. 

Offline guests attending the ceremony include Guo Changbiao, member of the Standing Committee of Qixia District Party committee and deputy head of Qixia District, Jia Shengru, director of the District Financial Supervision Bureau, Chen Liangqi, deputy director, Huang Bin, director of the Management Committee of Qixia high tech Zone, Yang Jing, executive deputy secretary of the Party Working Committee, Xu Wei, deputy director of the management committee, Shi Yanni, Minister of enterprise service department, also senior executive and partner of Ostin; guests participating online include Ostin's customers, suppliers, friends of financial service institutions, friends of intermediaries such as lawyers, auditors, securities companies and investment management consultants who serve the listing day and night, as well as Ostin's shareholders, relatives and friends. The success of this ceremony is inseparable from the support of all guests online and offline under the special epidemic situation.

Ostin, as the first Nanjing company listed in the United States this year and is also the second China concept stock that has successfully landed on NASDAQ in China in 2022. The convening of this meeting marks that we have begun to make efforts in the capital market and take the first step towards becoming an international display brand.


Ostin Technology established in 2010, which has 7 sales departments, 4 factories, 7 branches and 6 systems. After years of development, we have become a high-tech enterprise with products covering the upstream and downstream of the display industry. We have a mature sales team with independent research, design and production, also we have cooperation with international first-class brands in the display industry for many years. Our supply chain is complete and reliable, we are a high-tech enterprise with perfect after-sales service. Our production and sales scale has been improved step by step. The sales volume reached 1.08 billion RMB in last year, the OC / LCM / MNT was 400000 sets / month and the POL was 450000 sets / month (calculated by 50 ''). At the same time, in the development process of the company, we have also won a series of honors, such as "national high-tech enterprise", "science and technology enterprise in Jiangsu Province".

The listing process has experienced a series of arduous processes since it was launched in the United States in 2019. We believe that successful listing is only a phased summary of our existing work, it is only a step for the group to move towards greatness, but it is by no means the end. As China's leading provider of intelligent terminal display application solutions and an important supplier of electronic materials, after listing, we will step onto a higher stage as a public company and seek higher quality development and growth with the help of capital.

Publication Date:2022.05.06