We are pleased to announce that on 9th March 2026, China Merchants Securities International (“CMSI”), acting as the Lead Sponsor, Sponsor-overall coordinator, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager of Shenzhen Zhaowei Machinery & Electronics Co., Ltd. (“the Company”, stock code: 2692.HK), successfully assisted the Company to commence trading of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEx”). The global offering of the Company was ultimately priced at HK$71.28 per share, achieving a near-top-end pricing despite the backdrop of sudden international developments sharply disrupting the Hong Kong stock market. The offering raised a total of around HK$1.907 billion and attracted 21 cornerstone investors, including top-tier institutions, government entities, and industrial capital, with total subscriptions exceeding HK$650 million, accounting for over 34% of the total gross proceeds.
As the Lead Sponsor, CMSI precisely navigated key milestones such as the listing hearing, public offering, and pricing, comprehensively assisting in resolving various execution challenges. CMSI exclusively secured 19 high-quality cornerstone investors, including Hillhouse, Mirae, Perseverance Asset Management, Da Cheng International, GF Fund HK, Oakwise, Jump Trading, Factorial, and Taihu Golden Valley, with cornerstone investor orders accounting for over 90% of the total. CMSI’s sales contribution ranked first among the underwriting syndicate. Through thorough pre-issuance investor education and marketing efforts, CMSI assisted the Company in successfully completing its A+H dual listing platform, providing a replicable benchmark experience for Chinese advanced manufacturing enterprises to connect with global capital and achieve global expansion. Ultimately, the International Placing received 13.4 times subscription and the Hong Kong Public Offering received 1,536.76 times subscription.
About Shenzhen Zhaowei Machinery & Electronics
The Company is a technology-driven global leader in micro transmission and a pioneer in intelligent precision manufacturing. With over 20 years of deep technological expertise, the Company has become a leader in the micro transmission and drive system industry, covering the entire technology chain of micro transmission systems, micro motor systems, and electronic control systems. Its products are widely used in four high-growth sectors: intelligent vehicles, consumer and healthcare technology, advanced industry and smart manufacturing, and embodied robotics.
Based on revenue in 2024, the Company held a 3.9% share of the domestic market and a 1.4% share of the global market, solidifying its position as the largest integrated micro transmission and drive system product provider in China and the fourth largest globally. The Company is the world’s first company to mass-produce micro transmission systems under 6mm with high quality and efficiency, and has developed China's smallest Φ3.4mm micro transmission system. As of September 30, 2025, the Company possessed 405 relevant patents, ranking No. 1 in China’s integrated micro transmission and drive system industry. In the nine months ended September 30, 2025, the Company achieved revenue of RMB 1.255 billion and net profit of RMB 182 million, representing year-on-year growth of 18.7% and 13.86%, respectively, maintaining stable and high-quality growth in both revenue and profit.