IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
Minieye Tec 02431.HK	Application Software	17-20.2	200	4,081	2024/12/20	2024/12/24	2024/12/27
Xunfei Healthcare 02506.HK	Application Software	82.8	50	N/A	2024/12/23	2024/12/27	2024/12/30
InnoScience 02577.HK	Semiconductors & Semiconductor Equipment	30.86-33.66	100	3,400	2024/12/23	2024/12/27	2024/12/30
HealthyWay 02587.HK	Health Care Services	7.8-8.8	500	4,444	2024/12/23	2024/12/27	2024/12/30

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

Minieye Tec
02431.HK

Application Software

17-20.2

200

4,081

2024/12/20

2024/12/24

2024/12/27

Xunfei Healthcare
02506.HK

Application Software

82.8

N/A

2024/12/23

2024/12/27

2024/12/30

InnoScience
02577.HK

Semiconductors & Semiconductor Equipment

30.86-33.66

100

3,400

2024/12/23

2024/12/27

2024/12/30

HealthyWay
02587.HK

Health Care Services

7.8-8.8

500

4,444

2024/12/23

2024/12/27

2024/12/30

Summary

Founded in 2015, we are a smart EV company based in China primarily focusing on the mid- to high-end segment of China’s NEV market with a price range of RMB150,000-300,000. Our flagship models, the C11 and C01, provide longer driving range, greater acceleration, more interior space and a wider variety of autonomous driving functions than most models within the same price range available in China’s EV market as of the Latest Practicable Date. We delivered a total of 43,748 vehicles in 2021, a 443.5% increase from 2020, making us the fastest-growing among the leading pure-play EV companies based in China in terms of delivery volume, according to Frost & Sullivan. We delivered 51,994 smart EVs in the first half of 2022, representing an increase of 265.3% from the same period in 2021. We internally develop all our key hardware and software across the core systems and electronic components of our vehicles. We are the only pure-play EV company, and one of the few NEV companies, based in China with such a full-suite of R&D capabilities, according to Frost & Sullivan. We develop cross-platform systems and electronic components from the ground up, which are highly configurable and easily adaptable across different EV models, making our R&D highly efficient and cost effective. We are also the most vertically integrated pure-play EV company, and one of the most vertically integrated NEV companies, based in China, designing and producing in-house all of the core systems and electronic components for our vehicles, according to Frost & Sullivan. These include our intelligent power system (Leapmotor Power), autonomous driving system (Leapmotor Pilot), and smart cockpit system (Leapmotor OS). See “Industry Overview — Competitive Landscape of the EV Markets in China — R&D Capabilities and Production Strategies of NEV Companies in the China Market” and “— Our Full-suite of R&D Capabilities and Vertical Integration” for details. We believe such unique capabilities in smart EVs enable us to produce high caliber products, develop new models rapidly and enjoy a cost advantage. China’s NEV market consists of four segment markets according to selling price of vehicles, namely (i) entry-level segment (below RMB80,000), (ii) mid-range segment (RMB80,000-below RMB150,000), (iii) mid- to high-end segment (RMB150,000 -RMB300,000), and (iv) premium segment (above RMB300,000). The mid- to high-end segment in China’s NEV market is expected to be the largest and fastest-growing market segment from 2022 onwards, according to Frost & Sullivan. See “Industry Overview — Segment Market of NEV and EV Industry by Price.” We have launched four BEV models and plan to further expand our product portfolio by launching seven new BEV models by 2025, at a pace of one to three new models every year. As an addition to our product offering, we also plan to launch the EREV version of these new models based on our proprietary EREV technology, concurrently or subsequently, to broaden our target audience to include customers with different needs and preferences. We believe our diversified product line-up will better position us to capture the market opportunities in the mid- to high-end segment of the NEV market in China. We have established comprehensive in-house engineering and manufacturing capabilities with advanced technology. We produce smart EVs and their core systems and electronic components in our manufacturing plant in Jinhua, Zhejiang province. This wholly-owned, AI-enabled, digitalized plant has a production capacity of 200,000 vehicles per annum. To capture the NEV market growth opportunities, we are also planning a new production facility in Hangzhou, Zhejiang province to further expand production capacity. As a customer-centric company, we directly engage with our users through an integrated online/offline sales and service network. We utilize a dual-pronged sales model, consisting of directly operated stores and channel partner stores, enabling us to swiftly scale up our network with capital efficiency and flexibility, while establishing direct customer relationships to best serve their needs. We have developed a thriving user community through a variety of online and offline events initiated by us or directly by our users, such as test drives, product launches and Leapmotor Club gatherings, all of which enable greater engagement and interaction with our users. Through these events, we collect and analyze valuable user feedback to continuously improve our product and service quality, thereby strengthening our connection with users and their trust in our brand. Through omni-channel customer engagement and value-added services, we continue to acquire new customers as well as enhance user satisfaction, drive more user referrals and cultivate long-term user loyalty. Source: Leapmotor (09863) Prospectus (IPO Date : 2022/09/20)
Listing Market	MAIN
Industry	Automobile Manufacturers
Background	H Shares
Major Business Area	N/A

Corporate Information

Substantial Shareholders	Stellantis N.V. (Total share: 21.26%); (H share: 21.43%) Fu Liquan (Total share: 15.80%); (H share: 12.39%) Zhu Jiangming (Total share: 9.49%); (H share: 6.39%) Guosen Securities Co., Ltd. (Total share: 4.32%); (H share: 5.17%)
Directors	Zhu Jiangming (Founder and Chairman and Chief Executive Officer and Executive Director) Cao Li (Vice President and Executive Director) Jin Yufeng (Non-Executive Director) Douglas Ostermann (Non-Executive Director) Gregoire Olivier (Non-Executive Director) Drina C Yue (Independent Non-Executive Director) Fu Yuwu (Independent Non-Executive Director) Shen Linhua (Independent Non-Executive Director)
Company Secretary	Lee Mei Yi Shen Ke
Principal Bankers	China Merchants Bank China Construction Bank
Solicitors	Clifford Chance
Auditors	PricewaterhouseCoopers
Registered Office	5th Floor, Manulife Place, 348 Kwun Tong Road, Kowloon, Hong Kong
Share Registrars	Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No	(852) 2980-1333
Internet Address	http://www.leapmotor.com
Email Address	ir@leapmotor.com
Tel No	(86 400) 008-1234
Fax No

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