Direct Drive Tech Limited (the “Company”, stock code: 06731) reveals its Global Offering and the listing of Shares on the Main Board of The Stock Exchange of Hong Kong Limited (the”Hong Kong Stock Exchange).
According to the listing files, Direct Drive Tech Limited is a robotics innovation business with direct drive innovation as business’s core ability. Business mostly participate in the sales of robotic actuator modules, and to a lower degree, robotics, in China. Business run in (i) PRC customer robotic actuator module market, a sub-segment representing 26.3% of PRC robotic actuator module market and (ii) PRC wheel-legged and PRC dual-wheel-legged robotic market in China, sub-segments representing less than 1.0% of the PRC robotic market. Business serve subsegments of the PRC robotic actuator module market and PRC robotic market, particularly (i) PRC customer robotic actuator module market and (ii) PRC wheel-legged robotic market. From business’s creation to June 30, 2026, business’s robotics innovation has actually empowered over 7.5 million robotics throughout customer, commercial and industrial application circumstances, in addition to embodied intelligence robotics.
Direct Drive Tech Limited prepares to provide an aggregate of 50,000,000 Shares (topic to the Over-allotment Option) under the Global Offering, of which 47,500,000 Shares (topic to reallocation and the Over-allotment Option) will be used by method of International Offering, and 2,500,000 Shares (topic to reallocation) will be used in the Hong Kong Public Offering. The Offer Price will be HK$ 21.60 per Offer Share, with the board lot size of 100 shares.
The Hong Kong Public Offering started on Monday, 21 September 2026 and is anticipated to close at 12:00 midday (at 11:30 a.m. for finishing electronic applications under the White Form eIPO service) on Thursday, 24 September 2026. Negotiations in H Shares on the Stock Exchange are anticipated to start on Tuesday, 29 September 2026.
Direct Drive approximates that business will get net profits from the Global Offering of around HK$ 982.5 million, after subtracting underwriting commissions, charges and approximated costs payable by us in connection with the Global Offering, presuming the Over-allotment Option is not worked out and an Offer Price of HK$ 21.60 per Offer Share. The business mean to utilize the net profits of the Global Offering for the following functions: roughly 50.0%, or HK$ 491.3 million, will be utilized to improve R&D abilities in essential robotics innovations; roughly 20.0%, or HK$ 196.5 million, will be utilized to deepen partnership with market partners and widen sales network; around 20.0%, or HK$ 196.5 million, will be utilized for enhancing production ability and effectiveness; roughly 10.0%, or HK$ 98.3 million, will be utilized for working capital and basic business functions.
The Company has actually effectively obtained HK Technology Innovation and JSC International (for and on behalf of Shenghai SP) as foundation financiers, the Cornerstone Investors have actually accepted, based on particular conditions, subscribe, or trigger their designated entities to subscribe, at the Offer Price, for such variety of Offer Shares (rounded to the nearby entire board great deal of 100 H Shares) that might be bought for an aggregate quantity of around HK$ 472.0 million (the “Cornerstone Placing”).
CITIC Securities (Hong Kong) Limited is the sole sponsor. CLSA Limited works as sponsor and Overall Coordinator. The joint worldwide planners, joint bookrunners, joint lead supervisors and capital markets intermediaries make up CLSA Limited, China Harbour International Securities Limited, CMB International Capital Limited and Futu Securities International (Hong Kong) Limited. Neutral Financial Holding Company Limited as an extra joint bookrunner, joint lead supervisor and capital markets intermediary.
About Direct Drive Tech Limited
Direct Drive Tech Limited was developed in 2020 and is a “little giant” business. As a Globally Leading Robotics Technology Company With direct drive innovation as core ability, Adhering to the business objective of “bringing robots into every household”Direct Drive Tech is devoted to making robotics more effective, dexterous and smart. The business presently boasts a group of over 400 members, consisting of a number of Ph.D. holders and lots of master’s degree holders, with over 40% being R&D workers, The Company has actually formed 3 significant robotic innovation platforms: (1) The robotic actuator module innovation platform; (2) The wheel-legged robotic innovation platform; (3) The modular reconfiguration innovation platform.
Subject: Press release summary