Shenzhen Transsion Holdings Co., Ltd. (02636) plans a global offering of 86,648,300 shares, introducing cornerstone investors including GIC and E Fund.

Shenzhen Transsion Holdings Co., Ltd. (02636) is conducting a public offering from October 7, 2026 to October 12, 2026, and plans a global offering of 86,648,300 H shares, with the Hong Kong public offering accounting for approximately 10% and the international offering accounting for approximately 90%. The offer price will be no more than HK$38.80 per offer share, with a board lot of 100 shares. The H shares are expected to commence trading on the Stock Exchange at 9:00 a.m. on October 15, 2026. The company is a provider of smart terminal products and mobile internet services, principally engaged in the design, research and development, production, sales and brand operation of smart terminal products with mobile phones at the core. According to Frost & Sullivan, based on 2025 revenue, the company ranked eighth in the global mobile phone market, with a market share of 1.7%. The company has established brand recognition through its mobile phone business and cultivated a broad and growing user base, thereby extending into mobile internet services (referring to online services and applications provided and accessed through smart terminal products and the mobile internet), as well as IoT products and other products, building an interconnected ecosystem of products, services and brands. For 2023, 2024, 2025 and the four months ended April 30, 2026, the company's revenue was RMB62.295 billion, RMB68.715 billion, RMB65.591 billion and RMB23.290 billion, respectively. For 2023, 2024, 2025 and the four months ended April 30, 2026, the company's gross profit was RMB14.44 billion, RMB14.341 billion, RMB12.278 billion and RMB5.0995 billion, respectively. For 2023, 2024, 2025 and the four months ended April 30, 2026, the company's gross profit margin was 23.2%, 20.9%, 18.7% and 21.9%, respectively. The company has entered into cornerstone investment agreements with GIC, E Fund (E Fund Management, E Fund Hong Kong), Jinxing Global, Millennium, China Alpha Fund, Singularity Assets, BOC Wealth Management, Shenzhen Longsys Electronics, Digimoc, Hongxin Yu Hong Kong and Keyu Shengda, pursuant to which the cornerstone investors have agreed to subscribe for, or procure their designated entities to subscribe for, the number of offer shares that can be purchased at the offer price, for an aggregate amount of approximately HK$1.2455 billion. Assuming the over-allotment option is not exercised and based on an offer price of HK$37.05 per H share, the company will receive net proceeds from the global offering of approximately HK$3.1181 billion. Approximately 40.0% of the net proceeds will be used for AI-related technology research and development to accelerate product iteration, with a focus on strengthening the company's technical capabilities, expanding the company's product portfolio and consolidating the company's competitive advantages; approximately 30.0% will be used for marketing and brand building to enhance the company's brand awareness, increase user engagement and support continued business expansion; approximately 20.0% will be used to strengthen the company's mobile internet services and IoT products and others; and approximately 10.0% will be used for working capital and general corporate purposes.