158 times oversubscribed! EK Road (07687) went public today, the capital market is scrambling to subscribe to the "world's first stock of unmanned driving in global mining areas".

After the successful completion of the IPO on July 6th, Easy Control Intelligent Driving (07687) will officially list on the Hong Kong Stock Exchange today (July 8th) at 9:30. The final offer price for this IPO is set at 87.92 Hong Kong dollars per share, with a total global fundraising amount of approximately 2.298 billion Hong Kong dollars. As a leading company in the domestic unmanned driving industry for mines, Easy Control Intelligent Driving's IPO received enthusiastic response from investors during the public offering phase. According to the announcement, the public offering received 158 times oversubscription, with approximately 20.6 billion Hong Kong dollars in institutional orders for the international offering segment, resulting in a total oversubscription ratio of approximately 22 times (excluding cornerstone investors). The international offering segment attracted many top global institutions to participate. Among them, industry leaders such as Zijin Mining Group and XCMG Group, top 10 global long-term funds such as Fidelity International, J.P. Morgan, and BlackRock, as well as top Chinese long-term funds such as GF and DH, made up a group of 11 institutions as cornerstone investors, with a total subscription ratio reaching the limit of approximately 50%. This lineup not only reflects the global consensus on the value of the scarce track of unmanned driving in mines but also demonstrates the deep recognition of industry leaders and top investors for the long-term development logic of Easy Control Intelligent Driving. The presence of the two industry leaders Zijin Mining Group and XCMG Group in the upstream and downstream of the industrial chain provided the industry core value of Easy Control Intelligent Driving with an endorsement from the forefront of the industry. In addition, the well-known Australian asset management platform Regal participated in a Hong Kong IPO as a cornerstone investor for the first time, showing the optimistic expectations of local institutions in the Australian mining "granary" for the expansion of Easy Control Intelligent Driving in the Australian market. According to the company's prospectus, the market size of the Chinese mine unmanned driving solution market has increased from a small scale in 2021 to approximately 3.8 billion yuan by 2025, with a compound annual growth rate of up to 171.4%. As the market demand continues to expand, the Chinese market is expected to become the largest and most advanced market for mine unmanned driving solutions in the world. In this growing blue ocean market, Easy Control Intelligent Driving, with a comprehensive leading advantage, firmly holds the leading position in the Chinese mine unmanned driving industry. Public information shows that as of December 31, 2025, the company had deployed 2,580 active unmanned driving mining trucks in China. Calculated by the size of the active fleet, this number accounts for 55.5% of the market share of unmanned driving solutions in Chinese mines, ranking first in China. Currently, the company's solutions have been applied in 19 out of 41 open-pit coal mines with an annual designed capacity of over 10 million tons in China, as well as in 7 of the top 12 large open-pit coal mines in China in terms of annual designed capacity. In addition, the company has maintained a 100% retention rate for three consecutive years among all end customers. This customer response, jointly created by technology and trust, has made Easy Control Intelligent Driving a well-deserved leader in the field of mine unmanned driving solutions in China. At the same time, in the broader landscape of intelligent driving for commercial vehicles, Easy Control Intelligent Driving's commercialization capabilities are unleashing greater imagination. Based on revenue in 2025, the company has surpassed many intelligent driving companies in both passenger and commercial vehicles, ranking first in the Chinese commercial vehicle intelligent driving market and becoming a key player in the commercialization process of unmanned driving in China under the wave of deep integration of artificial intelligence and the physical world. To further solidify the company's technological moat and long-term development, Easy Control Intelligent Driving's IPO will raise approximately 2.298 billion Hong Kong dollars, with over half of the funds going towards software and hardware research and development, nearly a quarter for global expansion, and the rest for talent development, strategic investments, and operating funds. On July 8th, Easy Control Intelligent Driving will officially list on the HKEX. At that time, the market will witness this leading company in the mine unmanned driving sector embark on a new chapter.