Cai Jing Wang·2025-05-20 03:49Group 1 - Ningde Times officially listed on the Hong Kong Stock Exchange on May 20, 2023, with a green shoe offering size of $4.6 billion and a post-green shoe size of $5.29 billion, making it the largest IPO globally in 2023 and the largest H-share IPO for a Chinese company since 2022 [1] - 90% of the funds raised will be used to advance Ningde Times' project in Hungary, addressing the growing demand for power and energy storage batteries in overseas markets [1] - The IPO enhances the activity of the Hong Kong capital market and increases its international influence, potentially encouraging other A-share companies to list in Hong Kong [1] Group 2 - China International Capital Corporation (CICC) acted as the joint sponsor and played a crucial role in addressing execution challenges and technical issues for Ningde Times, successfully attracting 21 cornerstone investors who subscribed approximately $2.63 billion [2] - The successful completion of the H-share IPO further solidifies the long-term partnership between CICC and Ningde Times, showcasing CICC's commitment to supporting China's dual carbon goals and green finance initiatives [2] - CICC aims to continue providing high-quality capital market solutions to Chinese enterprises, enhancing their global competitiveness [2] Group 3 - Ningde Times is a leading global company in renewable energy innovation, focusing on the research, production, and sales of power and energy storage batteries, contributing to the replacement of fossil fuels through electrification and intelligent integration [3] - As of December 31, 2024, Ningde Times has achieved cumulative installations of over 17 million power batteries, with one in every three new energy vehicles globally equipped with its batteries, and has been involved in over 1,700 energy storage projects worldwide [3]