NJEC(SH:600699) Ge Long Hui·2025-10-27 23:49Group 1 - The company plans to globally offer 155.1 million H-shares, with 15.51 million shares available in Hong Kong and approximately 139.6 million shares for international offering, subject to reallocation and adjustments [1] - The expected pricing date for the shares is November 4, 2025, with a maximum offer price of HKD 23.60 per share, and trading on the Hong Kong Stock Exchange is anticipated to begin on November 6, 2025 [1] - The company is a provider of smart automotive technology solutions, focusing on advanced products and solutions in key areas of the automotive parts industry, particularly automotive electronics and safety [1][2] Group 2 - The company's smart solutions enhance driving experience and safety through features like information interaction, environmental detection, analysis, decision-making, and control [2] - The automotive electronics segment focuses on smart interactive interfaces and domain control technology to achieve personalized experiences and seamless communication between vehicles and drivers [2] - In automotive safety, the company employs monitoring and predictive analytics technologies for functions such as fatigue monitoring and adaptive safety responses [2] Group 3 - The company has entered into cornerstone investment agreements, with cornerstone investors agreeing to subscribe for approximately USD 107.1 million (around HKD 832 million) worth of shares at the indicative offer price of HKD 23.60 [3] - The total number of shares to be subscribed by cornerstone investors is estimated to be 35.252 million shares [3] Group 4 - Assuming no exercise of the over-allotment option and a maximum offer price of HKD 23.60 per share, the company estimates net proceeds from the global offering to be approximately HKD 3.4585 billion [4] - The intended use of proceeds includes approximately 35% for R&D and commercialization of smart automotive solutions, 35% for improving manufacturing capabilities and supply chain management, 10% for expanding overseas market share, 10% for potential investments and acquisitions, and 10% for working capital and general corporate purposes [4]