New stock news: Easy Control Intelligence Drive's Hong Kong IPO and the domestic unlisted shares will be fully tradable after being approved by the China Securities Regulatory Commission.

On May 29, the International Cooperation Department of the China Securities Regulatory Commission issued a filing notice on the overseas issuance and listing of EKON SmartDrive Technology Co., Ltd. and the full circulation of unlisted shares in China. EKON SmartDrive plans to issue no more than 30,051,800 overseas listed common shares and list them on the Hong Kong Stock Exchange. 60 shareholders of the company intend to convert a total of 121,737,769 unlisted domestic shares into overseas listed shares and list them for circulation on the Hong Kong Stock Exchange. According to the prospectus, EKON SmartDrive's unmanned mining truck fleet has grown from over 1,400 units in June to over 2,000 units, occupying nearly half of the market share in China's L4 level mining area unmanned driving solution market. In 2024, the company achieved a total revenue of 986 million yuan, ranking first among all L4 level unmanned driving companies in China; at the same time, the company is the largest provider of mining area unmanned driving solutions in China, accounting for approximately 49.2% of the market share; based on the revenue at the same period, China, as the world's largest L4 level mining area unmanned driving solution market, has a global market share of over 40.5%.