Sika New Energy (06656) plans to globally offer 13.5739 million shares, introducing cornerstone investors including China Pacific Insurance Investment Management (Hong Kong).

Sige New Energy (06656) will be listed from April 8, 2026 to April 13, 2026, intending to globally issue 13.5739 million H shares, with approximately 10% for public offering in Hong Kong and approximately 90% for international offering, with an additional 15% over-allotment option. The offering price will be HK$324.20 per share. Trading of the shares is expected to begin on the morning of April 16, 2026 on the Stock Exchange. The company is a global leader in the field of Distributed Energy Storage System (DESS) solutions. The company strategically focuses on the market for stacked distributed solar storage solutions, which accounted for about 0.7% of the energy storage system market in 2024. According to Frost & Sullivan's report, the company has become the world's largest provider of stacked distributed solar storage solutions based on product shipments two years after its establishment, with a market share of 28.6% in 2024, accounting for 0.6% of the distributed energy storage system market and 0.2% of the energy storage system market. The company develops and provides innovative renewable energy solutions for households and businesses. As of the last feasible date, the company's products are mainly used in residential settings, with less deployment in commercial and public utility scenarios. The flagship product, SigenStor, features a modular, stackable design integrating photovoltaic inverters, DC charging modules, power conversion systems (PCS), energy storage batteries, and energy management systems (EMS). Users can customize capacity through simple stacking or module replacement to meet a wide range of energy needs for households and businesses, demonstrating great flexibility and scalability. During the previous reporting period, sales of SigenStor accounted for over 90% of the company's total revenue. The company's products have outstanding scalability and convenience advantages, attracting global customers. Currently, the company's business footprint is wide-ranging - as of December 31, 2025, the company has established a broad cooperation network with 172 distributors in 85 countries and regions. The company has become the preferred partner for leading distributors in all major markets such as Asia-Pacific, Europe, and Africa (including top distributors in Australia, the UK, Ireland, Sweden, South Africa, and the United States). In 2023, 2024, and 2025, the company's flagship product SigenStor achieved total sales of energy capacity of 18 megawatt-hours, 447 megawatt-hours, and 3947 megawatt-hours, respectively. Based on the offering price of HK$324.20 per share, the net proceeds from the global offering will be approximately HK$4.189 billion (assuming the over-allotment option is not exercised). Approximately 38.0% will be used to further expand the company's research and development team and enhance the company's R&D equipment and technology. Approximately 32.0% will be used to strengthen the company's marketing and after-sales service to drive the expansion of the company's global customer base and business coverage. About 12.0% will be used for expanding production capacity. Approximately 9.0% will be used to diversify the company's product portfolio and expand the company's commercial-scale solar storage solutions. The remaining approximately 9.0% will be used for working capital and general corporate purposes. In addition, the company has entered into cornerstone investment agreements with cornerstone investors, under which these investors have agreed to subscribe or cause designated entities to subscribe for a total of 2.799 billion USD worth of subscription shares at the international offering price under certain conditions. Cornerstone investors include: Aranda Investments Pte. Ltd.; Shanghai Lujiazui Finance & Trade Zone Development (Group) Co., Ltd. (together with Guotai Junan Securities Investment (Hong Kong) Limited over-the-counter derivative trading); Goldman Sachs Asset Management (Hong Kong) Limited; HHLR Advisors, Ltd.; Hillhouse Investment Management, Ltd.; UBS Asset Management (Singapore) Ltd.; AXA Investment Managers UK Limited; CPE Energy Investment Limited; Lazurite Hime L.P.; Baring Asset Management (Asia) Limited; Siasun Robot & Automation Co., Ltd.; China Pacific Insurance Investment Management (Hong Kong) Limited; Fidelity Asset Management (Hong Kong) Limited; Fidelity Fund Management Limited; J Capital Asset Management (Hong Kong) Limited; Huadeng Technology Space Ventures Ltd; ICBC Wealth Management Co., Ltd.; Perseverance Asset Management International (Singapore) Pte. Ltd.; Scene Cloud Global Limited; Tropical Terrain Limited; and 3W Fund Management Limited.