Core Points - Zhongwei New Materials (02579.HK) shares closed at HKD 32.40, reflecting a decline of 4.594% and currently trading below the issue price [1] - The company was listed on the Hong Kong Stock Exchange on November 17, 2025, with a total of 104,225,400 shares offered, including 10,422,600 shares for public offering and 93,802,800 shares for international placement [1] - The final issue price was set at HKD 34.00, raising a total of HKD 3,543,663,600, with a net amount of HKD 3,432,609,775 after deducting estimated listing expenses [1] Underwriters and Coordinators - The joint sponsors and coordinators for the issuance include Morgan Stanley Asia Limited and Huatai Financial Holdings (Hong Kong) Limited, among others [2] - Additional joint global coordinators and bookrunners include China International Capital Corporation Hong Kong Securities Limited and BNP Paribas Securities (Asia) Limited [2] Cornerstone Investors - Key cornerstone investors include Guizhou New Industrialization Development Equity Investment Fund, Baoda Investment (Hong Kong) Limited, and Zhong Chuang Innovation Technology Group Co., Ltd. [3] - Other notable investors are Dongsheng Xianxing Technology, Guotai Junan Securities Investment (Hong Kong) Limited, and Hunan Xingxiang Emerging Industry Investment Fund [3]

Group 1 - Zhongwei Co., Ltd. has successfully listed on the Hong Kong Stock Exchange on November 17, with the stock code 02579 and the abbreviation Zhongwei New Materials [2] - The global offering of H shares consists of 104,225,400 shares, with 10,422,600 shares for public offering in Hong Kong and 93,802,800 shares for international offering. The estimated net proceeds from the global offering, assuming no exercise of the over-allotment option, is approximately HKD 3.43261 billion [2] - Zhongwei Co., Ltd. specializes in the research, production, and sales of new energy battery cathode materials and precursors, focusing on new materials and new energy sectors, which are part of the national strategic emerging industries [2] Group 2 - The company has established a comprehensive presence in the global battery supply chain, creating a high-quality core customer system that covers "vehicle, battery, and cathode" [3] - Zhongwei Co., Ltd. has formed stable partnerships with leading domestic and international clients, including Tesla, Samsung SDI, LG Chem, CATL, BYD, SK On, and others [3]

Group 1 - Zhongwei New Materials Co., Ltd. ("Zhongwei New Materials") was successfully listed on the main board of the Hong Kong Stock Exchange on November 17, 2025 [2] - Ernst & Young acted as the reporting accountant, overcoming various challenges during the listing process, including heavy tasks and tight deadlines [2] - The Ernst & Young team received high recognition and praise for their quality work, dedication, and service throughout the listing process [2] Group 2 - Zhongwei New Materials specializes in the research, development, production, and sales of new energy battery materials, focusing on precursor materials for positive electrode active materials (pCAM) [3] - The company is a global leader in nickel and cobalt-based pCAM for lithium-ion batteries, ranking first in shipment volume for five consecutive years since 2020 [3] - Zhongwei New Materials has a strong customer base, supplying leading companies in the new energy materials, battery, automotive, and consumer electronics industries, including top electric vehicle battery manufacturers [3]

Core Viewpoint - The energy storage market has seen a significant surge in demand for lithium battery materials, leading to substantial price increases, making the lithium battery materials sector a standout performer in the A-share market [1] Group 1: Market Demand and Supply - Since the third quarter, the demand for lithium battery materials such as lithium hexafluorophosphate, lithium iron phosphate, and lithium carbonate has rapidly increased due to the explosion of the energy storage market [1] - A carbon lithium production company in Sichuan reported that even with full production capacity, they cannot meet customer demand, indicating a strong market demand [1] - The chairman of Ganfeng Lithium predicts that global lithium carbonate demand will reach 1.55 million tons in 2025, with a potential increase to 1.9 million tons by 2026, suggesting a tightening supply-demand balance [1] Group 2: Price Trends - The price of lithium carbonate may see upward pressure if demand growth exceeds 30% next year, potentially reaching 150,000 to 200,000 yuan per ton [1] - The downstream investment and operation segments of energy storage are expected to pass on excess profits to upstream materials, batteries, and integration sectors, indicating a potential for price increases across the lithium battery supply chain [2] Group 3: Industry Opportunities - CITIC Construction continues to favor materials, particularly lithium hexafluorophosphate, lithium iron phosphate, anode materials, separators, and battery segments, highlighting opportunities in these areas [3] - The upcoming peak production season is expected to lead to a supply-demand imbalance, driving prices higher [4] - Changes in pricing models are anticipated, which may further impact the market dynamics [5] Group 4: Related Companies - Key companies in the lithium battery materials sector include Ganfeng Lithium (01772), Tianqi Lithium (09696), and Zhongwei New Materials (02579) [6] - In the energy storage sector, notable companies include BYD (01211), Zhongxin Innovation (03931), and Ruipu Lanjun (00666) [6]

Core Viewpoint - Zhongwei New Materials Co., Ltd. is proceeding with the issuance of H-shares and listing on the Hong Kong Stock Exchange, aiming to raise approximately HKD 3.43261 billion from the global offering [1][2]. Group 1: H-share Issuance Details - The company plans to issue a total of 104,225,400 H-shares, with 10% allocated for public offering in Hong Kong and 90% for international offering [1]. - The estimated net proceeds from the global offering, assuming no exercise of the over-allotment option, is approximately HKD 3.43261 billion after deducting underwriting commissions and other estimated expenses [1]. Group 2: Shareholding Changes - Following the issuance of H-shares, the total share capital of the company will increase from 938,028,458 shares to 1,042,253,858 shares, resulting in a passive dilution of the shareholding percentage of the controlling shareholder and its concerted parties [7]. - The passive dilution of shareholding percentages of the controlling shareholder, Hunan Zhongwei Holding Group Co., Ltd., and its concerted parties will touch the 1% and 5% integer multiples due to the increase in total share capital [7].

Core Viewpoint - The successful listing of Zhongwei New Materials on the Hong Kong Stock Exchange marks a significant milestone in the company's global strategy, achieving the status of the first "A+H" share company in the new energy battery materials sector [1][2]. Company Overview - Zhongwei New Materials focuses on the research, development, production, and sales of new energy battery materials, particularly precursor active materials (pCAM) [2]. - The company has ranked first in shipment volume for five consecutive years since 2020, holding a market share of 20.3% for nickel-based pCAM and 28.0% for cobalt-based pCAM in 2024 [2]. - In terms of total sales value of pCAM products, Zhongwei New Materials is ranked first globally in 2024 with a market share of 21.8% [2]. Fundraising and Utilization - The company plans to raise approximately HKD 34.33 billion from its global offering, with 50% allocated to expanding production and supply chain capabilities, focusing on projects in Indonesia, South Korea, and Morocco [2]. - 40% of the funds will be directed towards research and development of new energy battery materials and digital advancements, particularly in high-nickel, sodium-ion, and solid-state battery materials [2]. - The remaining 10% will be used for working capital and general corporate purposes [2]. Industry Trends - The trend of lithium battery companies listing in Hong Kong has been increasing, with notable companies like CATL and Xinwanda also pursuing H-share listings [3]. - This trend reflects a broader strategy among lithium battery firms to enhance their global presence and respond to competitive pressures in the industry [3]. - The shift in competition from capacity expansion to comprehensive capabilities such as resource acquisition and carbon footprint management is evident, indicating a transformation in the competitive landscape of the lithium battery sector [3].

Core Viewpoint - Zhongwei New Materials (02579.HK) officially listed on the Hong Kong Stock Exchange on November 17, raising approximately HKD 35.44 billion through the issuance of 104 million H-shares priced at HKD 34 each [1] Group 1: Company Performance - On its first trading day, Zhongwei's stock price fell by 5%, resulting in a market capitalization of approximately HKD 34 billion [3] - The company has maintained its position as the global leader in the shipment of nickel and cobalt-based pCAM products for five consecutive years, with a market share of 20.3% for nickel-based pCAM and 28.0% for cobalt-based pCAM in 2024 [4][5] - For the first nine months of 2025, the company reported revenue of HKD 33.3 billion, a year-on-year increase of 10.39%, while net profit decreased by 16% to HKD 1.113 billion [5] Group 2: Market and Investment - The IPO was met with strong demand, with the public offering oversubscribed by 27.90 times and international offering by 4.08 times [5] - The company attracted nine significant cornerstone investors, collectively subscribing for approximately HKD 1.659 billion in shares [5] - The funds raised will primarily be used to expand production and supply chain capabilities (approximately 50%), research and development of new energy battery materials and digitalization (approximately 40%), and to supplement working capital [5]

Core Insights - Zhongwei New Materials Co., Ltd. officially listed on the Hong Kong Stock Exchange on November 17, becoming the first "A+H" stock in the new energy materials industry and the first "A+H" listed company in Guizhou Province [1][4] - The successful listing marks a new stage in the development of Zhongwei and highlights the achievements of the Dalong Development Zone in nurturing leading enterprises and developing new functional material industry clusters [1][4] Company Development - Since its establishment in 2014, Zhongwei has synchronized its development with the Dalong Development Zone, leveraging the zone's location advantages, industrial foundation, and comprehensive service support [4] - The company has significantly increased its investment in technological innovation and expanded its production capacity, establishing a leading product matrix covering nickel-based, cobalt-based, phosphorus-based, and sodium-based new energy materials [4] - Zhongwei's output of nickel and cobalt precursors has ranked first globally for five consecutive years, while its phosphorus precursors and sodium battery materials are among the industry's top tier [4] Industry Position - The successful listing of Zhongwei on the Hong Kong Stock Exchange exemplifies the industrial cluster effect of the Dalong Development Zone [6] - The development zone has focused on the new energy sector, with Zhongwei as the "chain leader," linking quality enterprises like Xinmei Materials and Hongxing Manganese to form a complete industrial chain [6] - The production capacity of ternary precursors in the development zone has reached 150,000 tons, accounting for approximately 12% of the global market, while high-purity manganese sulfate production capacity stands at 130,000 tons, representing 50% of the national market [6] Future Outlook - Moving forward, the Dalong Development Zone will continue to collaborate with Zhongwei, focusing on innovation to optimize the industrial ecosystem and enhance resource support [8] - The aim is to upgrade the new energy industry to higher quality and added value, contributing to the new industrialization of Guizhou [8]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 CNGR Advanced Material Co., Ltd. 中偉新材料股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：02579） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 而 作 出。 茲載列中偉新材料股份有限公司（「本公司」）在深圳證券交易所網站刊登的《中 偉新材料股份有限公司關於控股股東及其一致行動人持股比例被動稀釋觸及 1%和5%整 數 倍 的 公 告》，僅 供 參 閱。 特 此 公 告。 承董事會命 中偉新材料股份有限公司 董 事 長、執 行 董 事 兼 總 裁 鄧偉明先生 香 港，2025年11月17日 於 本 公 告 日 期，本 公 司 董 事 為：(i)執 行 董 事 鄧 偉 明 先 生、鄧 競 先 生、陶 吳 先 生、 廖 恆 ...

Core Viewpoint - Zhongwei New Materials Co., Ltd. successfully listed on the Hong Kong Stock Exchange, marking the largest IPO in the renewable materials sector in nearly three years, with a total issuance scale of approximately HKD 35.4 billion [3][5][7] Company Overview - Zhongwei New Materials, established in 2014, focuses on the research, production, and sales of new energy battery materials, primarily positive precursor materials, and has been a global leader in nickel and cobalt precursor materials for lithium-ion batteries since 2020 [8][9] - The company achieved a revenue of CNY 40.22 billion and a net profit of CNY 1.787 billion in 2024, maintaining double-digit growth for eight consecutive years [8] IPO Highlights - The IPO was priced at HKD 34 per share, with the international placement receiving 4.08 times subscription and the Hong Kong public offering receiving 27.90 times subscription [3][5] - The issuance included a 15% over-allotment option and attracted nine cornerstone investors who collectively subscribed approximately USD 214 million, accounting for about 47% of the pre-over-allotment issuance scale [7] Strategic Partnerships - Huatai International served as a joint sponsor and coordinator for the IPO, leveraging its deep industry insights and extensive experience in both domestic and international capital markets to ensure the project's successful completion [5][7] - The partnership with Huatai has been ongoing for ten years, during which the company has assisted Zhongwei in multiple rounds of private equity financing and previous IPOs [5] Industry Positioning - Zhongwei New Materials is recognized as a national enterprise technology center and has received various accolades, including "National Intelligent Manufacturing Factory" and "Green Manufacturing Factory" [9] - The company aims to create a diversified technology and global development strategy, establishing ten industrial bases worldwide to enhance its position in the global renewable materials market [9]