New Stock News | Yimicro Technology's IPO Subscription Closes with 0.42x Oversubscription, Entry Cost per Board Lot HK$5,848.4

Siasun Robot&Automation technology platform Yimicro Technology is conducting its IPO subscription from October 31 to November 9, and is expected to list and trade on the Hong Kong Stock Exchange on November 12, with China Securities Co.,Ltd. International and GUOTAI JUNAN I serving as joint sponsors. Market data shows that as of 7 p.m. on November 6, the stock's public offering margin subscription amount was HK$58.75 million, corresponding to a public offering fundraising amount of HK$41.51 million, representing 0.42x oversubscription. According to the offering plan, the company intends to issue 71.687 million H shares, of which 5% will be for the Hong Kong public offering; the offer price range is HK$9.27 to HK$11.58, with a maximum fundraising amount of approximately HK$830 million, and a board lot of 500 shares, with an entry cost per board lot of HK$5,848.4. The company is listing under Chapter 18C of the Listing Rules and has a clawback mechanism: if the number of shares subscribed under the Hong Kong public offering reaches 10 times and 50 times or more of the initial offering size, the public offering portion will be increased to 10% and 20% of the initial issuance size, respectively. This time, DigitalHorizon and Guangpu Hong Kong are being introduced as cornerstone investors, with a total investment of HK$99 million. Regarding the use of proceeds, 70% will be used to strengthen advantages in software and hardware and Siasun Robot&Automation-specific AI SoC, focusing on embodied intelligence, advanced perception and execution, thereby consolidating and expanding its technological leadership position; 10% will be used to establish broader, higher-quality and more sustainable customer cooperation and build a thriving developer ecosystem, creating a sustainable growth flywheel; 10% will be used for strategic investments and acquisitions with synergies, as an important supplement to organic growth, accelerating the realization of a platform-based ecosystem layout; and 10% will be used for working capital and general corporate purposes. The prospectus shows that Yimicro Technology is a Siasun Robot&Automation technology platform, principally engaged in providing intelligent mobile Siasun Robot&Automation solutions, including inertial navigation (a technology that uses built-in motion sensors to calculate Siasun Robot&Automation position, direction and speed without relying on external references such as GPS and cameras) Siasun Robot&Automation solutions, single-modality Siasun Robot&Automation solutions and multi-modality Siasun Robot&Automation solutions. According to Frost & Sullivan, based on 2025 revenue, the company is the third-ranked intelligent mobile Siasun Robot&Automation solutions provider with a market share of approximately 4.2%, and is the largest single-modality Siasun Robot&Automation solutions provider in China with a market share of 2.2%, and ranks third among multi-modality Siasun Robot&Automation solutions providers in China with a market share of 5.9%. In 2025, the company's sales volume of intelligent mobile Siasun Robot&Automation solutions exceeded 3.5 million units. On the financial side, for 2023, 2024, 2025 and the four months ended April 30, 2026, the company achieved revenue of approximately RMB206 million, RMB286 million, RMB407 million and RMB130 million, respectively; during the same periods, the annual/loss for the period was approximately RMB113 million, RMB98.858 million, RMB155 million and RMB66.737 million, respectively.