中信里昂证券有限公司 CE AAB893交银国际证券有限公司 CE APJ121星展亚洲融资有限公司 CE AAE430中国银河国际证券(香港)有限公司 CE AXM459洪泰证券有限公司 CE BJK437
Joint Bookrunners (13)
中信里昂证券有限公司 CE AAB893交银国际证券有限公司 CE APJ121星展亚洲融资有限公司 CE AAE430中国银河国际证券(香港)有限公司 CE AXM459洪泰证券有限公司 CE BJK437富途证券国际(香港)有限公司 CE AZT137光银国际资本有限公司 CE BGH296盈立证券有限公司 CE BJA907信银(香港)资本有限公司 CE AEQ982华富建业证券有限公司 CE AAC577力高证券有限公司 CE BIE918百惠证券有限公司 CE BPQ161软库中华金融服务有限公司 CE ABD523
Joint Lead Managers (13)
中信里昂证券有限公司 CE AAB893交银国际证券有限公司 CE APJ121星展亚洲融资有限公司 CE AAE430中国银河国际证券(香港)有限公司 CE AXM459洪泰证券有限公司 CE BJK437富途证券国际(香港)有限公司 CE AZT137光银国际资本有限公司 CE BGH296盈立证券有限公司 CE BJA907信银(香港)资本有限公司 CE AEQ982华富建业证券有限公司 CE AAC577力高证券有限公司 CE BIE918百惠证券有限公司 CE BPQ161软库中华金融服务有限公司 CE ABD523
Capital Market Intermediaries (13)
中信里昂证券有限公司 CE AAB893交银国际证券有限公司 CE APJ121星展亚洲融资有限公司 CE AAE430中国银河国际证券(香港)有限公司 CE AXM459洪泰证券有限公司 CE BJK437富途证券国际(香港)有限公司 CE AZT137光银国际资本有限公司 CE BGH296盈立证券有限公司 CE BJA907信银(香港)资本有限公司 CE AEQ982华富建业证券有限公司 CE AAC577力高证券有限公司 CE BIE918百惠证券有限公司 CE BPQ161软库中华金融服务有限公司 CE ABD523
Service Providers
Role
Institution
Legal Advisor to Company
盛德律师事务所
金杜律师事务所
柯伍陈律师事务所
Lee & Lee LLP
Hassan Al Khater Law Office
Legal Advisor to Sponsors/Underwriters
史密夫斐尔律师事务所
君合律师事务所
Auditor and Reporting Accountant
安永会计师事务所
Industry Advisor
弗若斯特沙利文(北京)咨询有限公司上海分公司
Receiving Banks
星展银行(香港)有限公司
招商永隆银行有限公司
中信银行(国际)有限公司
Cornerstone Investors
#
Investor Name
Investment Amount
Shares Subscribed
% of Offer Shares
% of Total Shares
Lock-up Period
Est. Unlock Date
1
洪泰证券有限公司
—
—
—
—
6 months
2026-11-20
Directors & Management
Chairman
Mr. Chiang Tsung Che
Company Secretary
Mr. Chiang Tsung Che
執行董事 (3)
#
Name
English Name
Type
1
吴甘沙
—
執行董事
2
周鑫
—
執行董事
3
江宗哲
—
執行董事
非執行董事 (3)
#
Name
English Name
Type
1
吴军
—
非執行董事
2
周军
—
非執行董事
3
高晓虎
—
非執行董事
獨立非執行董事 (3)
#
Name
English Name
Type
1
周明笙
—
獨立非執行董事
2
白蕊
—
獨立非執行董事
3
杜子德
—
獨立非執行董事
Major Shareholders
Major Shareholders & Holdings
CONTROLLING SHAREHOLDERS CORPORATE GOVERNANCE MEASURES Eachof ourControllingShareholdershasconfirmedthatit/hehasfullycomprehended its/his obligations to act in our Shareholders’ best interests as a whole. Our Directors recognize the importance of good corporate governance i
AIAI Analysis
!
The following content is generated by an AI model based on historical IPO data. It does NOT constitute investment advice, solicitation, or recommendation. Past subscription patterns and post-listing performance do not guarantee future results. Data may contain inaccuracies — always verify against official HKEX filings and prospectuses before making any investment decision.
Market Sentiment
The IPO saw extreme oversubscription at 6,777x, signaling fierce demand for this autonomous driving stock under Chapter 18C. Despite the high subscription ratio, the overall hit rate reached 17.03%, notably elevated due to reallocation from the international offering. Final pricing at HK$60.3 reflects strong valuation support amidst the frenzy. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A distinct tier inefficiency is evident: A-tail applicants (80,000 applications) expected only 0.335 lots each, while B-head applicants (90,000 applications) secured a guaranteed 1 lot each. This sharp jump means the marginal cost of moving from A-tail to B-head yields a full lot certainty, making the A-tail tier particularly cost-ineffective given typical flat broker fees. The low expectation in A-tail likely left many participants empty-handed despite the high application count. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Mainland Chinese investors dominated with a 63.8% share, highlighting the cross-border appeal of specialist tech IPOs, while Hong Kong residents accounted for 35.4%. The investor base skewed slightly male (61.3%) and middle-aged (average 41.9 years), typical for high-risk tech offerings. A regional concentration was noted, with Guangdong likely being a major contributor given historical patterns. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Offering Structure
Subscription Tiers
IPO Timeline
Disclaimer & Risk Warning
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