Wings Tech (06871) will be issuing shares from May 8 to May 13, planning to globally offer 24.6 million H shares.

Yifei Technology (06871) will be listed from May 8, 2026 to May 13, 2026, with the company planning to globally offer 24.6 million H shares, of which 5% will be publicly offered in Hong Kong and 95% will be internationally placed, at a price of HK$30.5 per share. Each board lot consists of 100 H shares and the trading of H shares is expected to commence on the Hong Kong Stock Exchange on May 18, 2026 (Monday) at 9:00 am. The group is a Chinese industrial Siasun Robot & Automation technology company, focusing on the design, research and development, manufacturing, and commercialization of industrial Siasun Robot & Automation, providing comprehensive solutions and deeply cultivating light industry applications. With independently developed Siasun Robot & Automation body, control and vision systems, and manufacturing processes, the group has established a comprehensive technological ecosystem, enabling large-scale intelligent decision-making, environment perception, precise control, and autonomous movement. According to a report by Frost & Sullivan, based on 2025 revenue, the group ranks fourth among domestic enterprises in China specializing in industrial Siasun Robot & Automation and related solutions for light industry applications. According to the same source, the group is also one of the few Chinese Siasun Robot & Automation companies with the ability to provide large-scale industrial Siasun Robot & Automation and related solutions, helping enterprise customers in various industries to improve production efficiency, optimize production costs, and enhance product quality, ultimately driving their transformation towards intelligence. After deducting estimated underwriting commissions, expenses, and other costs paid and payable by the group for the global offering, the group estimates the net proceeds from the global offering to be approximately HK$673 million (assuming a price of HK$30.50 per H share). The group currently intends to use the net proceeds from the global offering for the following purposes and the related amounts are listed as follows: (1) approximately 40.0% of the net proceeds will be used for the development of the group's Siasun Robot & Automation technology from 2026 to 2030. (2) approximately 28.0% of the net proceeds will be used for the construction or optimization of production bases and production lines from 2026 to 2030. (3) approximately 12.0% of the net proceeds will be used for developing overseas business networks from 2026 to 2030. (4) approximately 10.0% of the net proceeds will be used for upstream and downstream investments in the supply chain from 2026 to 2030. (5) approximately 10.0% of the net proceeds will be used for supplementary working capital from 2026 to 2030. During the past financial years, the group achieved rapid revenue growth. The group's revenue increased from RMB 201 million in 2023 to RMB 387 million in 2025, with a compound annual growth rate of 38.8%. In 2023, 2024, and 2025, the group incurred annual losses of RMB 111 million, RMB 71.5 million, and RMB 153 million respectively. In 2023, 2024, and 2025, the group's adjusted net loss (non-International Financial Reporting Standards measurement) were RMB 106 million, RMB 52.3 million, and RMB 86.6 million respectively.