Ningbo Joyson Electronic Corp. (寧波均勝電子股份有限公司) has announced the launch of its Global Offering, comprising an initial total of 155,100,000 H Shares (subject to the Offer Size Adjustment Option and the Over-allotment Option). This offering includes 15,510,000 H Shares under the Hong Kong Public Offering (representing approximately 10.0% of the total) and 139,590,000 H Shares under the International Offering (representing approximately 90.0%), both subject to potential reallocation. The initial maximum Offer Price per H Share is set at HK$23.60, inclusive of applicable brokerage and levies, with a nominal value of RMB1.00 per H Share. The stock code upon listing on the Main Board of the Stock Exchange will be 0699.
According to the announcement, the distribution of this information is restricted in certain jurisdictions, including the United States. The H Shares described have not been, and will not be, registered under the U.S. Securities Act of 1933. There will be no public offer of securities in the United States.
The fully electronic Hong Kong Public Offering commences on Tuesday, October 28, 2025, at 9:00 a.m. (Hong Kong time) and closes on Monday, November 3, 2025, at 12:00 noon. Applications may be made through the White Form eIPO service (www.eipo.com.hk) or the HKSCC EIPO channel via a broker or custodian who is a HKSCC Participant. The Price Determination Date is expected to be on or before Tuesday, November 4, 2025, and any final Offer Price below the maximum will result in a refund of the difference to applicants.
The expected listing date on the Hong Kong Stock Exchange is Thursday, November 6, 2025, with dealings in the shares to commence at 9:00 a.m. that day. The H Shares are expected to be traded in board lots of 500. Subject to reallocation and the right of the underwriters to terminate the offer under specified circumstances, the Global Offering will only become unconditional at or before 8:00 a.m. on November 6, 2025. Applicants are advised that successful allocations will be announced on or around Wednesday, November 5, 2025, via the Stock Exchange website (www.hkexnews.hk) and the company’s website (https://www.joyson.com/). Specifics regarding application procedures, allotment details, and refund arrangements are outlined in the official announcement.
The directors named in the announcement include executive, non-executive, and independent non-executive directors. The Over-allotment Option, if exercised, may involve the issuance of up to an additional 15% of the initial number of H Shares offered. Investors are reminded that stabilization actions, if any, may be conducted for a limited period in compliance with relevant laws and regulatory requirements. The timetable, offering structure, and additional settlement arrangements are detailed in the original announcement. The public should refer to those specific terms and conditions for full details.