"The world's first stock of autonomous mining areas" is coming: EasyGo Smart Driving (07687) will be listed on the Hong Kong Stock Exchange on the 8th, and industry giants are collectively investing.

"The world's first listed autonomous mining company" is about to emerge. On July 6th, Easy Control Autonomous Driving (07687) successfully completed its IPO and will be listed on the HKEX on July 8th. The company raised approximately HK$2.298 billion in this listing, with the IPO final offer price set at HK$87.92 per share. As a leading company in the domestic autonomous mining industry, Easy Control Autonomous Driving was heavily sought after by investors during the public offering stage of its IPO. The announcement showed that the company issued a total of 26.132 million H shares in the global offering, with 10% offered in Hong Kong and the rest for international placement. The Hong Kong public offering received 157 times oversubscription. The international placement attracted many top global institutions to participate eagerly. Industry leaders Zijin Mining Group and XCMG Group, global top 10 long-term funds such as Fidelity International, J.P. Morgan, and BlackRock, as well as top Chinese long-term funds Guangfa and DHVC, along with 11 other institutions, formed a prestigious cornerstone investor lineup, with a total subscription ratio of approximately 50% reaching the limit. This lineup not only reflects the global capital's value consensus on the scarce lane of autonomous mining, but also shows the deep recognition of industry leaders and top investors for Easy Control Autonomous Driving's long-term development logic. The simultaneous appearance of the two industry leaders Zijin Mining Group and XCMG Group along the industrial chain provided an endorsement from the forefront of the industry for Easy Control Autonomous Driving's core industry value. In addition, the well-known Australian asset management platform Regal participated in a Hong Kong IPO as a cornerstone investor for the first time, reflecting the optimistic expectations of the Australian local institutions in the global mining "granary" for the expansion of Easy Control Autonomous Driving in the Australian market. According to the company's prospectus, the market size of Chinas autonomous mining solution market has grown from a small volume in 2021 to approximately RMB 3.8 billion in 2025, with a compound growth rate as high as 171.4%. With the ongoing expansion of market demand, the Chinese market is expected to become the world's largest and most advanced autonomous mining solution market. In this rapidly growing blue ocean market, Easy Control Autonomous Driving, with its comprehensive leading edge advantage, firmly occupies the leading position in the Chinese autonomous mining industry. Public information shows that as of December 31, 2025, the company has deployed 2,580 active unmanned mining trucks in China. Based on the size of the active fleet, this number accounts for 55.5% of the market share of autonomous mining solutions in China, ranking first in China. Currently, the company's solutions have been applied in 19 out of 41 open-pit coal mines in China with an approved annual production capacity of over 10 million tons, and also cover 7 out of the top 12 large open-pit coal mines in China with approved annual production capacity. In addition, the company has maintained a 100% retention rate among all end customers for three consecutive years. This customer answer sheet, jointly composed of technology and trust, has made Easy Control Autonomous Driving a well-deserved leader in the field of autonomous mining solutions in China. At the same time, in the broader landscape of intelligent driving for commercial vehicles, Easy Control Autonomous Driving's commercialization capabilities are unleashing greater imagination. Based on the 2025 revenue, the company has surpassed many companies in the intelligent driving industry for passenger and commercial vehicles, ranking first in the Chinese market for commercial vehicle intelligent driving, becoming a key force in the commercialization process of autonomous driving in China under the wave of deep integration of artificial intelligence and the physical world. To further strengthen the company's technological moat and long-term development, Easy Control Autonomous Driving raised approximately HK$2.298 billion in this IPO, with over half of the funds going towards software and hardware development, nearly one-fourth for global expansion, and the remaining funds for talent development, strategic investments, and operational working capital. On July 8th, Easy Control Autonomous Driving will officially debut on the HKEX. By then, the market will witness this leading autonomous mining enterprise as it embarks on a new chapter.