Yihuatong announced its listing plan on the main board of the Hong Kong Stock Exchange

On December 29, 2022, Beijing Yihuatong Technology Co.
, Ltd.
(hereinafter referred to as Yihuatong), a domestic fuel cell system manufacturer, announced its listing plan
on the main board of the Hong Kong Stock Exchange.

Yihuatong will offer 17.
628 million H shares globally, of which 15.
865 million shares will be offered internationally, accounting for 90% of the total number of preliminary offering shares; The remaining 1.
763 million shares will be offered in Hong Kong, representing 10% of the total number of initial offering shares, at an offer price of between
HK$60 and HK$76.

Yihuatong commenced public offering in Hong Kong on December 29, 2022 and closed
on January 5, 2023.
The Company's shares are expected to commence trading on the Main Board of the Hong Kong Stock Exchange on 12 January 2023, with a lot of 50 shares
per board.

It is reported that Yihuatong is a leading fuel cell system manufacturer in China, mainly designing, developing and manufacturing fuel cell systems and stacks for commercial vehicles such as buses and trucks
.
Zhang Guoqiang, chairman, executive director and general manager of Yihuatong, said that in the future, Yihuatong will further promote the research and development of fuel cell systems and core components; Expand fuel cell stack capacity to meet growing market demand and achieve economies of scale; Strategically expand customer base and regional coverage; expanding and strengthening supply chains; Enhance brand awareness and promote fuel cell systems
.