We are pleased to announce that on 13th February 2026, China Merchants Securities (HK) Co., Limited (“CMS (HK)”, a subsidiary of China Merchants Securities International Company Limited), acting as one of the Joint Sponsors, Sponsor-overall coordinator, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers of Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (“the Company”, stock code: 9981.HK), successfully assisted the Company to commence trading of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEx”). A total of approximately 140 million shares are issued and offered under the Global Offering, at an offer price of HK$20.09 per share, raising a total of approximately HK$2.81 billion.
As one of the Joint Sponsors, CMS (HK) provided full professional support and a solid guarantee for the smooth issuance of the project. By leveraging our accurate grasp of the market window and deep interpretation of the issuer's investment value, CMS (HK) organized over 100 online and offline investor roadshows during the offering period. These roadshows covered a wide range of high-quality institutions, including sovereign wealth funds, international long-only funds, Chinese long-only funds, multi-strategy funds, PE funds, strategic investors, and industrial investors, which effectively strengthened the capital market's recognition of the Company’s brand value and business model. This laid a solid foundation for the strong momentum of the order book and the overall success of the issuance.After extensive investor outreach and marketing work, CMS (HK) assisted the Company to complete the listing successfully. Overall, the International Placing received 8.2 times subscription and the Hong Kong Public Offering received 569.6 times subscription.
About Shenzhen Woer Heat-Shrinkable Material
The Company's principal business consists of : (i) electronic communications business, which involves the development, manufacture, and sale of (a) telecoms cable products, including high-speed copper cables, consumer and industrial electronic cables, and (b) electronic materials; (ii) electrical power transmission business, comprising the development, manufacture, and sale of (a) NEV power transmission products including NEV charging products and power battery safety protection products as well as (b) electrical cable accessories; and (iii) other businesses, mainly including the Company's wind power operations. In particular, during the Track Record Period, the sales of the Company's heat-shrinkable materials accounted for the vast majority of the revenue from the Company's electronic materials.
According to F&S, in terms of global revenue in 2024 the Company ranked fifth among the manufacturers of telecoms cables, holding a global market share of 12.7%. The Company ranked first in the global heat-shrinkable materials industry, with a global market share of 20.6% in terms of global revenue in 2024. The Company ranked ninth in the global NEV power transmission products industry, holding a global market share of 1.9%, in terms of global revenue in 2024. The Company ranked seventh in the global electrical cable accessories industry, holding a global market share of 2.5%, in terms of global revenue in 2024.