IPO Timeline
Broker Deadline
2026-07-03
Morning deadline
HKEX Deadline
2026-07-03
Noon deadline
Broker Results (T-2)
2026-07-07
Some brokers release in afternoon
Grey Market (T-1)
2026-07-08
Afternoon
HKEX Allotment (T-1)
2026-07-08
Evening
Registrar Allotment (T-1)
2026-07-08
Evening
Listing Day (T)
2026-07-09
First day of trading
Company Overview
| Stock Name | 東方科脈 |
|---|---|
| Stock Code | 01770 |
| Company Full Name | 東方科脈 |
| Industry | Industrial Goods |
| Principal Activities | 主要從事電子紙顯示模組的開發、生產及銷售 |
| Listing Date | 2026-07-09 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國 浙江省嘉興市 嘉善縣 西塘鎮 復興大道 16 號 2 幢 130 室 |
| Business Address (Hong Kong) | 香港 灣仔 皇后大道東 248 號 大新金融中心 40 樓 |
| Place of Incorporation | 中国 |
| Listing Method | 全球发售 |
| Listing Board | Main Board |
| Website | dke.com.cn |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | 香港中央證券登記有限公司，香港灣仔皇后大道東183號合和中心17樓1712-1716號舖 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | To be extracted |
| Offer Price Range | HK$ 78.64 - 101.11 |
| Lot Size | 50 shares |
| Entry Threshold | HK$ 5,056 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-06-29 to 2026-07-03 |
| Global Offering Shares | 5,118,600 shares |
| HK Public Offer Shares (Initial) | 511,900 shares (10.0%) |
| Public Offer Lots (Initial) | 10,238lots (5,119lots, 5,119lots) |
| International Placing Shares (Initial) | 4,606,700 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 51,185,739 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | To be extracted |
| Cornerstone Share | 0% |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 517,541,646 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 50 | HK$ 5,056 |
| 2 lots | 100 | HK$ 10,111 |
| 3 lots | 150 | HK$ 15,166 |
| 4 lots | 200 | HK$ 20,222 |
| 5 lots | 250 | HK$ 25,278 |
| 6 lots | 300 | HK$ 30,333 |
| 7 lots | 350 | HK$ 35,388 |
| 8 lots | 400 | HK$ 40,444 |
| 9 lots | 450 | HK$ 45,500 |
| 10 lots | 500 | HK$ 50,555 |
| 12 lots | 600 | HK$ 60,666 |
| 14 lots | 700 | HK$ 70,777 |
| 16 lots | 800 | HK$ 80,888 |
| 18 lots | 900 | HK$ 90,999 |
| 20 lots | 1,000 | HK$ 101,110 |
| 30 lots | 1,500 | HK$ 151,665 |
| 40 lots | 2,000 | HK$ 202,220 |
| 50 lots | 2,500 | HK$ 252,775 |
| 60 lots | 3,000 | HK$ 303,330 |
| 70 lots | 3,500 | HK$ 353,885 |
| 80 lots | 4,000 | HK$ 404,440 |
| 90 lots | 4,500 | HK$ 454,995 |
| 100 lots | 5,000 | HK$ 505,550 |
| 120 lots | 6,000 | HK$ 606,660 |
| 140 lots | 7,000 | HK$ 707,770 |
| 160 lots | 8,000 | HK$ 808,880 |
| 180 lots | 9,000 | HK$ 909,990 |
| 200 lots | 10,000 | HK$ 1,011,100 |
| 400 lots | 20,000 | HK$ 2,022,200 |
| 600 lots | 30,000 | HK$ 3,033,300 |
| 800 lots | 40,000 | HK$ 4,044,400 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,000 lots | 50,000 | HK$ 5,055,500 |
| 1,200 lots | 60,000 | HK$ 6,066,600 |
| 1,400 lots | 70,000 | HK$ 7,077,700 |
| 1,600 lots | 80,000 | HK$ 8,088,800 |
| 1,800 lots | 90,000 | HK$ 9,099,900 |
| 2,000 lots | 100,000 | HK$ 10,111,000 |
| 3,000 lots | 150,000 | HK$ 15,166,500 |
| 4,000 lots | 200,000 | HK$ 20,222,000 |
| 5,119 lots | 255,950 | HK$ 25,879,104 |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 4,025,246,514 - 5,175,390,070 |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | To be extracted |
| Profit/Loss Status | 盈利约人民币80.2百万元 |
| Period-End Cash Balance | To be extracted |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | Loading... |
|---|
Use of Proceeds
| Use of Proceeds | 約65%用於提高產能和生產基地智能化升級，約25%用於提升研發和技術能力，約10%用於營運資金及一般公司用途 |
|---|
Underwriting Syndicate
Sole Sponsor (1)
中信证券（香港）有限公司 CE AAK249(sole)
Sponsor cum Overall Coordinator (1)
中信里昂证券有限公司 CE AAB893
Overall Coordinators (2)
中信里昂证券有限公司 CE AAB893
浦银国际融资有限公司 CE BFZ375
Joint Global Coordinators (2)
中信里昂证券有限公司 CE AAB893
浦银国际融资有限公司 CE BFZ375
Joint Bookrunners (5)
中信里昂证券有限公司 CE AAB893
浦银国际融资有限公司 CE BFZ375
中湾国际证券有限公司 CE BTW258
民银证券有限公司 CE APU820
金奥证券有限公司
Joint Lead Managers (5)
中信里昂证券有限公司 CE AAB893
浦银国际融资有限公司 CE BFZ375
中湾国际证券有限公司 CE BTW258
民银证券有限公司 CE APU820
金奥证券有限公司
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
竞天公诚律师事务所 King and Wood LLP |
| Legal Advisor to Sponsors/Underwriters |
的近律师行 北京市通商律师事务所 |
| Auditor and Reporting Accountant | 天健国际会计师事务所有限公司 |
| Industry Advisor | 灼识企业管理咨询（上海）有限公司 |
| Compliance Advisor | 绰耀资本有限公司 CE BJG062 |
| Receiving Banks |
招商永隆银行有限公司 中信银行（国际）有限公司 |
| H Share Registrar | 香港中央证券登记有限公司 |
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
| Chairman | 周愛軍 |
|---|---|
| Company Secretary | 陳丹丹、劉國賢 |
執行董事 (2)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 周愛軍 | — | 執行董事 |
| 2 | 王文亮 | — | 執行董事 |
非執行董事 (4)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 汪嘯 | — | 非執行董事 |
| 2 | 王揚 | — | 非執行董事 |
| 3 | 劉喻 | — | 非執行董事 |
| 4 | 狄琛 | — | 非執行董事 |
獨立非執行董事 (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 曾愛民 | — | 獨立非執行董事 |
| 2 | 周國富 | — | 獨立非執行董事 |
| 3 | 阮添士 | — | 獨立非執行董事 |
Major Shareholders
| Major Shareholders & Holdings | 周愛軍先生及呂先生為控股股東，合共持有約33.11%的股份；紅榕投資持有13.63%的股份 |
|---|
Offering Structure
Subscription Tiers
IPO Timeline
