Siasun Robot & Automation (06106) starts its public offering today, raising nearly 1 billion Hong Kong dollars to further develop HHLRA with the participation of eight institutions including Guangfa Fund.

Siasun Intelligent Robotics (06106) will be listed from June 15, 2026 to June 18, 2026, intending to globally issue 10.4973 million H shares. The public offering in Hong Kong accounts for 5% (subject to redistribution), while the international offering accounts for 95% (subject to redistribution). There is also a 15% offering adjustment right and a 15% over-allotment option. The offering price will be HK$101.60 per share, with each board lot consisting of 50 shares. It is expected that the H shares will start trading on the Hong Kong Stock Exchange on June 24, 2026, at 9:00 am. Furthermore, the company has entered into cornerstone investment agreements with HHLRA, Element Household Office, 3W Fund, GF Fund, Raycom Investment, Zhonghe Capital, Yishao Capital, Nova Kerry Inc. The cornerstone investors have agreed to subscribe for a total of US$59 million (approximately HK$4.62 billion) in shares, subject to certain conditions. Assuming the offering price is HK$101.60 per share and that the offering adjustment right and over-allotment option are not exercised, the net proceeds from the global offering are expected to be approximately HK$995.4 million. Around 50.0% will be used to advance research and development in technology and infrastructure; approximately 20.0% will be allocated to building a multi-functional center that integrates functions such as research and development, operations, assembly, and testing to enhance the development and scaling capability of Siasun Robot & Automation; about 15.0% will be used to seek acquisitions and investment opportunities in the Siasun Robot & Automation industry chain to support the acquisition of advanced technology and strengthen the ecosystem, particularly in the areas of perception systems, execution systems, and comprehensive solutions; around 9.7% will be used to establish a global sales system to increase market share and support international business growth, focusing on strengthening brand awareness, expanding marketing channels, and establishing a strong customer support network globally; and approximately 5.3% is expected to be used for operational funds and general corporate purposes. The company is an intelligent Siasun Robot & Automation company, with the Siasun Robot & Automation control system (the "Siasun Robot & Automation brain") at its core. With independently developed Siasun Robot & Automation control technology as a key differentiating advantage, the company provides intelligent Siasun Robot & Automation products supported by this technology. Leveraging its market position and leading technology in the field of Siasun Robot & Automation brains, the company develops and sells Siasun Robot & Automation controllers, software, and parts, offering a one-stop intelligent Siasun Robot & Automation solution for real-world scenarios. For the years 2023 to 2025, the company achieved revenues of approximately 249 million, 339 million, and 442 million respectively; gross profits of about 122 million, 156 million, and 209 million respectively; and incurred losses of approximately 47.704 million, 42.308 million, and 47.066 million respectively. Adjusted net losses were approximately 20.907 million, 10.631 million, and 2.865 million respectively. The losses were mainly due to: (i) limited operating history; (ii) large investments in research and development; (iii) efforts in sales and distribution to expand market share; and (iv) gradual realization of economies of scale.