On September 29, 2026, Morgan Stanley International Limited acquired 3.60 million H-shares of RA MATERIALS in connection with the listing of the company's H-shares on the Stock Exchange of Hong Kong; this was not a direct on-market dealing.
Prior to the acquisition, Morgan Stanley International Limited's long position in RA MATERIALS was 0 shares, representing 0%; following the acquisition, the holding changed to 3.60 million shares, with the long position ratio rising to 5.28%.