On October 10, 2025, Zhida Tech (2650.HK) was officially listed on the Main Board of the Hong Kong Stock Exchange (“HKEX”). Zhida Tech offered 5,978,900 shares globally at an issue price of HK$66.92 per share, raising approximately HK$400 million in gross proceeds.

In this transaction, Davis Polk acted as Hong Kong and U.S. legal advisor to the company, while Commerce & Finance Law Offices advised the issuer on PRC law, as well as United States tariffs and export control laws. Siam Premier, Gurbani & Co served as the issuer’s Thai and Singapore legal counsel, respectively.

Shenwan Hongyuan (H.K.) Limited served as the Sole Sponsor of the offering. Paul Hastings and Hylands Law Firm advised the Sole Sponsor and the Underwriters as Hong Kong and U.S. legal counsel, and PRC legal counsel, respectively.

Founded in 2010, Zhida Tech is one of the world’s leading providers of home EV chargers. Starting from smart home EV chargers to both automakers and users, the company has since developed a “three-in-one” EV home charging solution consisting of products, services, and a digital platform. The company submitted its Hong Kong listing application to HKEX in February and November 2024, and July 2025, and successfully passed the listing hearing in September 2025.

Proceeds from the IPO will be used to support the company’s overseas expansion, research and development of products and services and digital platform, merger and acquisition activities, upgrading existing production facilities and equipment in its Xuancheng factory, as well as for working capital and other general corporate purposes.