Group 1 - Chery Automobile (09973.HK) plans to globally offer 297 million shares, with 29.7397 million shares for Hong Kong and 268 million shares for international sale, along with an overallotment option of 44.6095 million shares [1][2] - The subscription period is from September 17 to September 22, with a maximum offer price of HKD 30.75 per share, and an entry fee of approximately HKD 3106.00 for 100 shares [1][2] - The total expected fundraising amount is HKD 8.699 billion, with a net amount of HKD 8.441 billion, intended for R&D of various passenger car models, next-generation vehicles, advanced technologies, overseas market expansion, working capital, and facility upgrades in Wuhu, Anhui [1][2] Group 2 - The company has introduced cornerstone investors including JSC International Investment Fund SPC, HHLR Advisors, Shanghai Jinglin Asset Management, CICC Financial Trading Limited, Huangshan Jiantou (Hong Kong) International Investment, and Jinghui Ruiying (Hong Kong) Limited, committing to subscribe for approximately 149 million shares at the offer price [2] - Chery Automobile is expected to be listed on the main board by September 25, 2025, with China International Capital Corporation Hong Kong Securities, Huatai Financial Holdings (Hong Kong), and GF Securities (Hong Kong) as joint sponsors [2] - The company reported net profits of CNY 11.953 billion, CNY 14.135 billion, and CNY 4.650 billion for the fiscal years 2023, 2024, and the first quarter of 2025 respectively, with year-on-year changes of 90.76%, 18.25%, and 71.46% [2]

Group 1 - The company, Chery Automobile, plans to conduct a global offering of 297 million shares from September 17 to September 22, 2025, with a share price range of HKD 27.75 to HKD 30.75 [1] - The company is headquartered in Wuhu, China, and has been a significant player in the passenger vehicle market since its establishment in 1997, being the second largest independent passenger vehicle brand in China and the eleventh largest globally based on 2024 sales [1] - The company reported a revenue increase from RMB 926.18 billion in 2022 to RMB 1,632.05 billion in 2023, with a projected revenue of RMB 2,698.97 billion in 2024 [2] Group 2 - The company's net profit rose from RMB 58.06 billion in 2022 to RMB 104.44 billion in 2023, with an expected increase to RMB 143.34 billion in 2024 [2] - The company has entered cornerstone investment agreements with several investors, agreeing to raise approximately USD 587 million under certain conditions [2] - The estimated net proceeds from the global offering, assuming a share price of HKD 29.25 and no exercise of the over-allotment option, is approximately HKD 8.441 billion, with allocations for R&D, advanced technology, market expansion, production facility upgrades, and working capital [3]

Core Viewpoint - Chery Automobile Co., Ltd. is preparing for an upcoming listing in Hong Kong, with the aim of raising funds for various strategic initiatives [1] Group 1: Company Overview - Chery Automobile is headquartered in Wuhu, China, and specializes in the design, development, manufacturing, and sales of a diverse range of passenger vehicles, including both fuel and new energy vehicles [1] - Since its establishment in 1997, the company has focused on industry innovation and expanding its international market presence, aiming to provide high-quality passenger vehicles to global users [1] Group 2: Fundraising Purpose - The funds raised from the Hong Kong listing are intended for several key purposes: 1. Research and development of different models and versions of passenger vehicles to expand the product portfolio 2. Development of next-generation vehicles and advanced technologies to enhance core technical capabilities 3. Expansion into overseas markets and execution of globalization strategies 4. Upgrading production facilities located in Wuhu, Anhui 5. General corporate purposes and working capital [1]