Easy Control Smart Driving (07687) will be listed from June 29th to July 3rd, planning to globally sell 26.132 million H shares and introduce cornerstone investors ZIJINNING and Aurora SF.

Yi Kong Intelligent Driving (07687) will be listed from June 29th, 2026 to July 3rd, 2026. The company plans to globally offer 26.132 million H-shares, with 10% for public offering in Hong Kong, 90% for international offering, and an additional 15% of over-allotment option. The price range for the offering is HK$81.16 to HK$87.92 per share. Each board lot consists of 50 H-shares, and trading of the H-shares is expected to begin on July 8th, 2026, Wednesday morning at the Stock Exchange. The Group focuses on the commercial deployment of unmanned driving solutions in the mining industry, and is one of the early enterprises to enter the field of autonomous mining transportation. The Group's solutions are designed to meet the specific operational needs of mines, especially in complex mining environments with limited human resources and high safety requirements. According to Frost & Sullivan data: based on 2025 revenue, the Group ranks first among all commercial vehicle intelligent driving companies in China; based on the number of active unmanned mining trucks as of December 31, 2025, the Group is the largest provider of unmanned driving solutions in Chinese mines; based on the scale of unmanned mining fleet, the Group also ranks first in China, with 2580 active unmanned mining trucks as of December 31, 2025; in 2025, the Group was the world's first and currently the only company to deploy a fleet consisting of more than 2500 active unmanned mining trucks. Based on cumulative unmanned transport volume, unmanned operating mileage, completed transport cycles, and the deployment of the Group's solutions in the field for over six years with a continuous safety record, the Group leads its peers; and in 2025, based on revenue, the Group's market share in the Chinese market for unmanned driving solutions in mines is approximately 37.6%, ranking first nationwide; based on revenue during the same period, China is the world's largest market for unmanned driving solutions in mines, with a global market share of over 50.0%. The Group has entered cornerstone investment agreements with ZIJINNING, Aurora SF, Fidelity International, JPMAMAPL, Baoling, Indus Funds, Jain Global, REGAL, GF Fund, CDH, Seven Grand (referred to as cornerstone investors and collectively as cornerstone investors). In this regard, the cornerstone investors have agreed to subscribe for a certain number of shares (rounded down to the nearest whole trading unit of 50 H-shares) at the offering price, offering a total amount of USD 146 million (excluding broker commissions, SFC trading fees, HKEX trading fees) (cornerstone allocation). Assuming an offering price of HK$84.54 per H-share (the middle of the offering price range stated in this prospectus), the total number of shares subscribed for by cornerstone investors will be 13.066 million shares, approximately accounting for (i) 50.00% of the H-shares offered under the global offering (assuming the over-allotment option is not exercised); (ii) 8.84% of the total issued share capital immediately following the completion of the global offering (assuming the over-allotment option is not exercised); and (iii) 8.61% of the total issued share capital immediately following the completion of the global offering and full exercise of the over-allotment option. The Group estimates that after deducting the estimated underwriting commissions and other expenses payable by the Group for the global offering, the net proceeds of the global offering will be approximately HK$2.072 billion (assuming an offering price of HK$84.54 per H-share). The Group plans to use the net proceeds from the global offering for the following purposes: (1) Approximately 35.0% of the net proceeds will be used to strengthen the Group's software research and development; (2) Approximately 15.0% of the net proceeds will be used to strengthen the Group's hardware research and development; (3) Approximately 4.0% of the net proceeds will be used to support the Group's information technology development; (4) Approximately 23.0% of the net proceeds will be used to support the Group's overseas business expansion and customer acquisition plans; (5) Approximately 8.0% of the net proceeds will be used to support talent development and organizational growth; (6) Approximately 5.0% of the net proceeds will be used for strategic alliances, investments, and selective acquisitions; (7) Approximately 10.0% of the net proceeds will be used for working capital and other general corporate purposes. The Group serves the largest, most prominent, and most forward-looking mining companies in China, including China Energy Group, State Power, TBEA Co., Ltd., Zijin Mining Group, Shougang Group, Guanghui Energy, and Baowu Group. As of December 31, 2025, the Group has 13 terminal customer groups in 30 mining areas. The number of terminal customer groups for the Group has increased from five as of December 31, 2023, to ten as of December 31, 2024. The customer stickiness is strong, reflected in the 100% retention rate of all terminal customer groups over the three years from 2023 to 2025. In addition, as of December 31, 2025, the number of unmanned mining truck fleets deployed in a single mining area where the Group's solutions operate has increased to over 500, making it the largest unmanned mining truck fleet deployed in a single mining area globally. This expansion reflects the continued confidence of customers in the Group's solutions, as well as the ongoing expansion of their business scales that lead to increased cooperation with the Group.