JunHe Assisted CALB’s H-share IPO on M88 login SEHK

On October 6, 2022, China Lithium Battery Technology Co., Ltd. (“CALB”, with stock code 03931.HK) issued 265,845,300 shares worldwide (subject to M88 login exercise of M88 login over-allotment options) and completed its listing on M88 login Stock Exchange of Hong Kong (SEHK) at an offering price of HKD 38 per share (M88 login “Project”). CALB raised a total amount of USD 1.287 million. This was M88 login first H-share IPO by a Chinese power battery manufacturer on M88 login SEHK, and M88 login largest fundraising through an IPO on M88 login global capital market by a Chinese power battery manufacturer in 2022.

CALB, formerly known as AVIC Lithium Battery, is a global leader in new energy technology. It is engaged in M88 login design, development, manufacture and sales of power batteries and energy storage systems, and its products are widely used in passenger cars, commercial vehicles and energy storage systems. In M88 login first quarter of 2022, CALB ranked second in China and fifth in M88 login world in terms of installed capacity among third-party power battery manufacturers. M88 login global new energy industry continues to develop rapidly, and CALB has long been committed to developing power battery and energy storage system solutions with “high safety, long life, high efficiency and high integration”. In 2018, CALB developed world leading high voltage technology and products with high safety features, leading M88 login development direction of ternary technologies. In 2019, CALB launched M88 login world’s first full lug stack technology and products, leading M88 login future development and direction of lithium battery manufacturing technology. CALB launched M88 login world’s first high energy density battery system (non-combustible) in 2020, which redefined M88 login safety standards for lithium batteries. In 2021, CALB launched M88 login world’s first original OS battery technology leading M88 login way for battery technology in M88 login TWH era.

As M88 login Chinese counsel of M88 login sponsor and main underwriter in M88 login Project, JunHe assisted CALB with solicitation of pre-IPO strategic investors, M88 login restructuring of assets, legal due diligence on issues within China, and M88 login H-share IPO filings in and outside of China. JunHe’s team filed documents with M88 login International Department of CSRC for approval, and assisted M88 login sponsor in analyzing M88 login questions raised by M88 login International Department of CSRC with respect to M88 login asset restructuring, employee stock incentive and oM88 loginr issues and proposed appropriate responses. JunHe also filed legal documents with SEHK and M88 login Securities and Futures Commission (SFC) for approval, and assisted CALB in researching M88 login asset restructuring, patent actions and oM88 loginr issues which were M88 login focus of SEHK’s and SFC’s review. JunHe successfully overcame many of M88 login difficulties of M88 login Project, which was undertaken within a very tight schedule. With JunHe’s assistance, CALB finally obtained approval for M88 login IPO. JunHe maintained an efficient, meticulous and reliable attitude with M88 login dedication and professionalism it has consistently kept in its past practice, and won recognition from CALB and M88 login oM88 loginr intermediaries.

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