Core Viewpoint - The stabilization period for the global offering of ZhiDa Technology (02650) has ended on November 5, 2025, with no over-allotment of H shares and no stabilization actions taken during this period [1] Summary by Relevant Sections - **Stabilization Period** The stabilization period for the global offering concluded on November 5, 2025, which is 30 days after the deadline for submitting the Hong Kong public offering application [1] - **Over-allotment and Stabilization Actions** There was no over-allotment of H shares in the international offering, and the overall coordinator, along with the underwriters, did not exercise the over-allotment option. Additionally, no stabilization actions were conducted by the stabilization agents or their affiliates during the stabilization period [1] - **Expiration of Over-allotment Option** The over-allotment option has expired as of November 5, 2025, meaning that no H shares have been or will be issued by the company under this option [1]

Core Points - The global offering's stabilization period for Zhidatech (02650.HK) ended on November 5, 2025, which is 30 days after the deadline for submitting the application for public offering in Hong Kong [1] - The overallotment option has expired as of November 5, 2025, meaning no additional H-shares will be issued by the company under this option [1]

本公告不會直接或間接於或向美國（包括其領土及屬地、美國的任何州以及哥倫比亞特區）發 佈、刊發或派發。本公告並不構成或組成於美國境內或於任何其他司法管轄區購買或認購證 券的任何要約或招攬的一部分。發售股份並無亦不會根據《1933年美國證券法》（經不時修訂） （「美國證券法」）或美國任何州或其他司法管轄區證券法例登記，且不得在美國境內提呈發售、 出售、質押或轉讓，惟獲豁免遵守美國證券法登記規定或屬毋須遵守美國證券法登記規定的交 易除外。發售股份不會在美國公開發售。發售股份根據美國證券法S規例在美國境外以離岸交 易方式提呈發售及出售。 Shanghai Zhida Technology Development Co., Ltd. 香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）對本公告的內容概不負責，對其準確性或完整性亦不發表聲明，並明確表示概不 會就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。 除本公告另有界定者外，本公告所用詞彙與上海摯達科技發展股份有限公司（「本公司」）所刊發 日期為2025年9月30日的招股章程（「招股章 ...

Core Viewpoint - The successful listing of Shanghai Zhida Technology Development Co., Ltd. on the Hong Kong Stock Exchange marks a new phase for the company under its "globalization, digitalization, and intelligence" 2.0 strategy [1][5]. Company Overview - Founded in 2010, Zhida Technology has led industry innovation with its "product + service + digital platform" business model [5]. - The company ranks first globally in home electric vehicle charging piles by sales, with a cumulative shipment of over 1.3 million units, capturing approximately 9.0% of the global market and 13.6% of the Chinese market [5]. - Zhida Technology's products include the "Ling Snake" SmartLink automatic charging robot, which has been deployed at Hong Kong International Airport, enhancing the charging experience for global vehicle owners [5]. Market Expansion - Zhida Technology's operations now span 22 countries and regions, with a service network covering 360 cities [5]. - The proportion of overseas revenue increased from 1.9% in 2022 to 12.1% in 2024, indicating significant international growth [5]. Strategic Vision - The founder, Dr. Huang Zhiming, emphasized that the electric vehicle industry is entering a new phase of intelligence, and the company's listing is viewed as a new starting point rather than an endpoint [7].

Group 1 - The stock of ZhiDa Technology (02650.HK) has increased by over 6%, specifically by 6.53%, reaching a price of 199 HKD [1] - The trading volume for ZhiDa Technology is reported at 6.5339 million HKD [1]

Core Viewpoint - The recent announcement by the National Development and Reform Commission and other departments regarding the "Three-Year Doubling Action Plan for Electric Vehicle Charging Facilities" aims to significantly increase the construction scale of private charging facilities, which is expected to benefit companies like Zhida Technology [1] Company Summary - Zhida Technology (02650) saw its stock price increase by 6.53%, reaching 199 HKD, with a trading volume of 6.5339 million HKD [1] - As the world's largest provider of home electric vehicle charging solutions, Zhida Technology has a global market share of approximately 9.0% in home charging stations and a market share of 13.6% in China, ranking first in sales in the Chinese market [1] Industry Summary - The newly released action plan mandates that all new residential fixed parking spaces must be equipped with or reserved for charging facilities, while existing residential areas will also be upgraded to include charging facilities alongside grid enhancements [1] - The goal is to establish 28 million charging facilities by the end of 2027 to meet the charging needs of over 80 million electric vehicles, effectively doubling service capacity [1] - Huatai Securities believes that the action plan lays a solid foundation for the development of the charging pile industry and is expected to stimulate demand for charging piles, benefiting companies involved in charging pile manufacturing, modules, and operations as the industry develops [1]

Core Viewpoint - The recent announcement by the National Development and Reform Commission and other departments regarding the "Three-Year Doubling Action Plan for Electric Vehicle Charging Facilities" aims to significantly increase the construction scale of private charging facilities, which is expected to boost demand for charging infrastructure and benefit companies in the sector [1] Company Summary - Zhida Technology (02650) saw its stock price increase by 6.53%, reaching HKD 199, with a trading volume of HKD 6.53 million [1] - As the world's largest provider of home electric vehicle charging solutions, Zhida Technology holds a global market share of approximately 9.0% in home charging stations, with a market share of 13.6% in China, ranking first in sales in the Chinese market [1] Industry Summary - The action plan sets a target to establish 28 million charging facilities by the end of 2027 to meet the charging needs of over 80 million electric vehicles, aiming for a doubling of service capacity [1] - The plan requires all new residential areas to either build or reserve charging facilities for fixed parking spaces, and existing residential areas are encouraged to upgrade their charging infrastructure alongside grid improvements [1] - Huatai Securities believes that the action plan provides a foundational framework for the development of the charging station industry, which is expected to release demand for charging stations and drive performance growth for companies involved in charging station manufacturing, modules, and operations [1]

Core Viewpoint - The "Three-Year Doubling Action Plan for Electric Vehicle Charging Infrastructure Service Capacity (2025-2027)" sets clear growth targets for the industry, aiming for 28 million charging facilities and 40,000 high-speed ultra-fast charging guns, positioning Zhida Technology as a key beneficiary of policy incentives [1] Group 1: Market Opportunity - The plan emphasizes the large-scale construction of private charging facilities, mandating new residential areas to install charging facilities or reserve conditions, which activates a significant market for home charging [1] - By 2027, the total number of charging facilities is expected to reach 28 million, with over 1.5 million new private charging stations anticipated, providing Zhida Technology with an estimated demand for over 200,000 units based on its 13.6% market share [1] Group 2: Production and Distribution Capacity - Zhida Technology has established production capabilities with factories in Xuancheng and Anqing, ensuring efficient local production to meet both B-end and C-end demands, with a projected annual capacity of 1.3 million units from domestic and future international factories [2] - The company has achieved significant growth in retail channels, with revenue from retail channels increasing from 53.65 million to 75.225 million yuan from 2022 to 2024, and C-end revenue surpassing 20% of total revenue [2] Group 3: Technological Advancements - The construction of a high-speed intercity charging network opens a second growth curve for Zhida Technology, which has already developed high-power charging technology, with plans for a charging station on the 318 National Road to be operational by the end of 2024 [3] - The integration of smart energy management systems in charging solutions enhances the company's competitive edge, allowing for increased energy self-sufficiency and optimized charging power management [3] Group 4: Financial Performance and Market Position - Zhida Technology's recent IPO on the Hong Kong Stock Exchange raised approximately 326.6 million HKD, with funds directed towards capacity upgrades and R&D, particularly in high-margin products like smart charging stations and charging robots [4] - The company reported a revenue of 217 million yuan in Q1 2025, a 39.43% increase from the previous year, with losses narrowing significantly, indicating a clear trend towards profitability [4] Group 5: Future Growth Potential - The implementation of the three-year doubling plan is expected to drive growth in private charging stations, public charging breakthroughs, and energy service revenue, positioning Zhida Technology to capitalize on the transition from hardware proliferation to intelligent services [5]

Core Viewpoint - The National Development and Reform Commission of China has launched a three-year action plan to significantly increase the construction scale of private electric vehicle charging facilities, which is expected to benefit global home charging leader, Zhida Technology (02650) [1] Group 1: Policy and Market Impact - The action plan mandates that all new residential areas must either build or reserve charging facilities for fixed parking spaces, while existing residential areas will also be upgraded to include charging facilities and supporting grid enhancements [1] - The target is to establish 28 million charging facilities by the end of 2027 to meet the charging needs of over 80 million electric vehicles, effectively doubling service capacity [1] Group 2: Company Position and Performance - Zhida Technology is the largest provider of home electric vehicle charging solutions globally, with a market share of approximately 9.0% worldwide and 13.6% in China, ranking first in sales within the Chinese market [1] - On its first day of trading on October 10, Zhida Technology's stock surged by 192.14%, with its public offering receiving a subscription rate of 5,440.80 times, marking it as the "super subscription king" in the Hong Kong stock market for the new energy sector this year [1]

Core Insights - The National Development and Reform Commission of China has issued a three-year action plan to significantly increase the construction scale of private electric vehicle charging facilities, which is expected to benefit companies like Zhida Technology that recently listed on the Hong Kong Stock Exchange [1] Industry Summary - The action plan mandates that all new residential areas must either build or reserve charging facilities for fixed parking spaces, while existing residential areas are encouraged to upgrade their facilities and associated power grids [1] - The target is to establish 28 million charging facilities by the end of 2027 to meet the charging needs of over 80 million electric vehicles, effectively doubling the service capacity [1] Company Summary - Zhida Technology, as the world's largest provider of home electric vehicle charging solutions, operates on a "product + service + digital platform" model [1] - According to Frost & Sullivan, Zhida Technology holds approximately 9.0% of the global market share for home charging stations and 13.6% in the Chinese market, ranking first in sales within China [1] - On its first trading day, Zhida Technology's stock surged by 192.14%, with its public offering receiving a subscription rate of 5,440.80 times, marking it as the "most oversubscribed" in the Hong Kong new energy sector this year [1]