Core Viewpoint - The company, Guanghe Tong, is set to issue H-shares globally, with a total of 135,080,200 shares available, subject to the exercise of the over-allotment option [1] Summary by Sections H-share Offering Details - The global offering consists of 135,080,200 H-shares, with 13,508,200 shares allocated for public sale in Hong Kong, representing approximately 10% of the total offering [1] - The international offering will comprise 121,572,000 H-shares, accounting for about 90% of the total offering [1] - An over-allotment option allows the underwriters to request the issuance of up to 20,262,000 additional H-shares at the offering price, potentially increasing the total to 155,342,200 shares if fully exercised [1] Pricing and Timeline - The preliminary price range for the H-shares is set between HKD 19.88 and HKD 21.50 [1] - The public offering in Hong Kong is scheduled to begin on October 14, 2025, and is expected to conclude on October 17, 2025 [1] - The final offering price is anticipated to be announced by October 21, 2025, and the shares are expected to commence trading on the Hong Kong Stock Exchange on October 22, 2025 [1]

Core Viewpoint - The company, Guanghe Tong, is set to launch a global offering of H-shares, with a total of 135 million shares available, subject to the exercise of the over-allotment option [1] Group 1: Offering Details - The global offering consists of 135 million H-shares, with 13.51 million shares allocated for public sale in Hong Kong, representing approximately 10% of the total offering [1] - The international offering will comprise 122 million H-shares, accounting for about 90% of the total offering [1] - In the event of full exercise of the over-allotment option, the maximum number of H-shares to be issued will increase to 155 million [1] Group 2: Pricing and Timeline - The preliminary price range for the H-shares is set between HKD 19.88 and HKD 21.50 [1] - The Hong Kong public offering is scheduled to commence on October 14, 2025, and is expected to conclude on October 17, 2025 [1] - The final issuance price is anticipated to be announced by October 21, 2025 [1]

Core Viewpoint - The company, Guanghe Tong, is set to issue H-shares globally, with a total of 135,080,200 shares available, subject to the exercise of the over-allotment option [1] Group 1: H-share Issuance Details - The initial arrangement includes a public offering of 13,508,200 H-shares in Hong Kong, accounting for approximately 10% of the total global offering [1] - The international offering consists of 121,572,000 H-shares, representing about 90% of the total global offering [1] - The maximum number of H-shares that can be issued, including the over-allotment option, is 155,342,200 shares [1] Group 2: Pricing and Timeline - The price range for the H-share issuance is preliminarily set between HKD 19.88 and HKD 21.50 [1] - The Hong Kong public offering is scheduled to start on October 14, 2025, and is expected to end on October 17, 2025 [1] - The issuance price is anticipated to be announced by October 21, 2025, and the H-shares are expected to be listed on the Hong Kong Stock Exchange on October 22, 2025 [1]

证券代码：300638 证券简称：广和通 公告编号：2025-069 深圳市广和通无线股份有限公司 关于刊发 H 股招股说明书、H 股发行价格区间 https://www1.hkexnews.hk/listedco/listconews/sehk/2025/1014/2025101400008 _c.pdf 及 H 股香港公开发售等事宜的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市广和通无线股份有限公司（以下简称"公司"）正在进行申请发行境 外上市外资股（H 股）并在香港联合交易所有限公司（以下简称"香港联交所"） 主板挂牌上市（以下简称"本次发行上市"）的相关工作。 2025 年 4 月 25 日，公司向香港联交所递交了本次发行上市的申请，并于同 日在香港联交所网站刊登了申请资料。具体内容详见公司于 2025 年 4 月 28 日在 巨潮资讯网（www.cninfo.com.cn）上披露的《关于向香港联交所递交 H 股发行 与上市申请并刊发申请资料的公告》（公告编号：2025-036）。 2025 年 9 月 18 日，公司收到中国证券监督管 ...

Core Viewpoint - Guanghetong, a wireless communication module provider based in Nanshan District, Shenzhen, Guangdong, is launching its IPO from October 9 to October 14, 2025, with plans to list on the Hong Kong Stock Exchange on October 22, 2025, under the sponsorship of CITIC Securities [2][6]. Summary by Sections IPO Details - The company plans to issue 135.08 million H-shares, representing 15% of the total shares post-IPO, with 90% allocated for international offering and 10% for public offering [3][4]. - The expected share price range is between HKD 19.88 and HKD 21.50, aiming to raise approximately HKD 26.85 billion to HKD 29.04 billion [3][4]. - The entry fee for investors is HKD 4,343.37 for 200 shares [3]. Financial Projections - Assuming the midpoint of the share price at HKD 20.69 and no exercise of the over-allotment option, the total estimated expenses for the IPO are around HKD 105.4 million, which includes a 2% underwriting commission [4]. - The net proceeds from the IPO are projected to be approximately HKD 26.89 billion, with allocations of 55% for R&D, 15% for manufacturing facilities in Shenzhen, 10% for repaying bank loans, 10% for strategic investments or acquisitions, and 10% for working capital and other general corporate purposes [5]. Shareholder Structure - Post-IPO, the controlling shareholder, Mr. Zhang Tianyu, will hold 31.26% of the shares [7][8]. - Other shareholders include Mr. Ying Lingpeng with 2.83%, and various other shareholders holding a combined 68.74% [8]. Company Overview - Established in 1999, Guanghetong is a leading global provider of wireless communication modules, with products including data transmission modules, smart modules, and AI modules [8]. - According to Frost & Sullivan, Guanghetong ranks as the second-largest wireless communication module provider globally, with a market share of 15.4% in 2024 [8]. - The company leads in several downstream application markets, ranking second in automotive electronics with a market share of 26.8%, and first in smart home and consumer electronics with market shares of 15.1% and 5%, respectively [8].

Group 1 - The core viewpoint of the article is that Guanghetong (0638.HK), a wireless communication module provider listed in Shenzhen, is launching an IPO from October 14 to October 17, offering 135 million H-shares at a price range of HKD 19.88 to HKD 21.5, aiming to raise up to HKD 2.904 billion [1] Group 2 - The public offering accounts for 10% of the total shares, while the remaining 90% is allocated for international placement [1] - The expected listing date for the stock is October 22 [1] - The company plans to allocate approximately 55% of the net proceeds for R&D, focusing on AI and robotics technology innovation and product development [1] - About 15% of the proceeds will be used to build manufacturing facilities in Shenzhen over the next five years, primarily for module products and related terminal products [1] - Approximately 10% will be allocated to repay certain interest-bearing bank loans [1] - Another 10% is designated for strategic investments and/or acquisitions, with the remaining 10% for working capital and other general corporate purposes [1]

Core Viewpoint - Guanghe Tong plans to conduct an IPO from October 14 to October 17, 2025, aiming to globally offer approximately 135 million H-shares, with 10% allocated for Hong Kong and 90% for international investors [1] Group 1: IPO Details - The expected trading start date for the H-shares on the Hong Kong Stock Exchange is October 22, 2025, with a proposed share price range of HKD 19.88 to HKD 21.5 [1] - The company has secured agreements with several cornerstone investors, with a total subscription amount of approximately HKD 1.253 billion [1] Group 2: Fundraising and Utilization - The anticipated net proceeds from the fundraising are approximately HKD 2.689 billion [1] - The funds will primarily be allocated as follows: 55% for research and development, 15% for manufacturing facility construction, 10% for debt repayment, 10% for strategic investments, and 10% for working capital [1] Group 3: Market Position - The company is the second-largest wireless communication module provider globally, with a projected market share of 15.4% in 2024 [1]

来源：智通财经 10月14日早间，广和通在港交所公告，公司拟全球发售约1.35亿股H股，香港发售股份1350.82万股，国 际发售股份约1.22亿股，另有15%的超额配股权；发售价不超每股21.50港元；预期H股将于2025年10月 22日开始在香港联交所买卖。 ...

格隆汇10月14日丨广和通(00638.HK)发布公告，公司拟全球发售约1.35亿股H股(视乎超额配股权行使与 否而定)，中国香港发售股份1350.82万股，国际发售股份约1.22亿股；2025年10月14日至10月17日招 股，预期定价日为10月20日；发售价将为每股发售股份19.88-21.50港元，每手买卖单位为200股，中信 证券为独家保荐人；预期股份将于2025年10月22日开始在联交所买卖。 ...

Core Viewpoint - Guanghe Tong (00638) is set to launch an IPO from October 14 to October 17, 2025, aiming to issue approximately 135 million H-shares at a price range of HKD 19.88 to HKD 21.5 per share, with trading expected to commence on October 22, 2025 [1] Company Overview - The company is a leading provider of wireless communication modules, offering products such as data transmission modules, smart modules, and AI modules, along with customized solutions for various applications [1] - According to Frost & Sullivan, the company holds a 15.4% global market share in the wireless communication module sector, making it the second-largest provider worldwide [1] Financial Performance - Revenue from continuing operations increased from RMB 5.203 billion in 2022 to RMB 5.652 billion in 2023, representing an 8.6% growth, and is projected to rise by 23.3% to RMB 6.971 billion in 2024 [2] - For the four months ending April 30, 2025, revenue rose by 21.2% to RMB 2.481 billion compared to the same period in 2024 [2] - Gross profit also saw an increase from RMB 1.066 billion in 2022 to RMB 1.187 billion in 2023, a growth of 11.4%, and is expected to reach RMB 1.267 billion in 2024, marking a 6.7% increase [2] Capital Utilization - Assuming an IPO price of HKD 20.69 per share, the company estimates a net proceeds of approximately HKD 2.689 billion from the global offering [3] - The allocation of proceeds is planned as follows: 55% for R&D, particularly in AI and robotics; 15% for building manufacturing facilities in Shenzhen; 10% for repaying bank loans; 10% for strategic investments or acquisitions; and 10% for working capital and general corporate purposes [3] Strategic Partnerships - The company has entered cornerstone investment agreements with several investors, including Qindao Gantong and Pacific Asset Management, agreeing to subscribe for shares amounting to approximately HKD 1.253 billion [2]