Zhengli New Energy plans to list on the Hong Kong Stock Exchange

Zhengli New Energy announced plans to conduct an initial public offering on the Hong Kong Stock Exchange on April 3. The offering will include approximately 122 million shares, plus a 15% over-allotment option. The issue price per share is approximately HK$8, and the fundraising period starts on April 3 and ends on April 9. The company is expected to be officially listed on April 14. Zhengli New Energy was established in 2019, and its main customers include FAW Hongqi, GAC Trumpchi, Leapmotor, SAIC-GM-Wuling and SAIC-GM. In the first eight months of last year, the company's revenue was approximately 2.86 billion yuan, a year-on-year increase of approximately 33%; however, its losses reached approximately 100 million yuan.