Estun Automation Announces Offer Price and Listing Details for H Shares in Hong Kong

Key Highlights for Investors

• Offer Price Set: Estun Automation Co., Ltd. (“Estun” or “the Company”) has finalized its H Share offer price at HK\$15.36 per Offer Share. This price is exclusive of brokerage fees (1.0%), SFC transaction levy (0.0027%), Stock Exchange trading fee (0.00565%), and AFRC transaction levy (0.00015%). These additional charges will apply to investors purchasing the shares.
• Trading Details: Subject to the Global Offering becoming unconditional before 8:00 a.m. on March 9, 2026 (Hong Kong time), trading of the H Shares on the Main Board of the Stock Exchange of Hong Kong will begin at 9:00 a.m. on March 9, 2026. Shares will be traded in board lots of 200 H Shares each.
• Publication of Allocation Results: Details on the level of interest in the International Offering, applications in the Hong Kong Public Offering, basis of allocations, and results of allocations will be announced on March 6, 2026, as detailed in the Prospectus.
• Stabilization Mechanism: Huatai Financial Holdings (Hong Kong) Limited is acting as the Stabilizing Manager. It may, at its discretion, undertake activities to stabilize or support the market price of the H Shares for a limited period post-listing. The stabilization period will begin on the Listing Date and may last up to 30 days after the last day for lodging applications (expected to expire on April 3, 2026). Investors should note, however, that there is no obligation for the Stabilizing Manager to undertake any such actions, and price support will not continue beyond the stabilization period. Once stabilization ceases, demand and share price could fall.
• Termination of Underwriting Agreement: Investors should be aware that the Hong Kong Public Offering can be terminated by the Sponsor-Overall Coordinator under certain circumstances detailed in the Prospectus, including before trading begins at 8:00 a.m. on March 9, 2026. This introduces a potential risk to the offering proceeding as planned.
• Board Composition: As of March 5, 2026, the Board of Directors includes: Mr. WU Bo (Chairman and executive Director), Mr. WU Kan, Mr. ZHU Chunhua, Mr. ZHOU Ailin, Mr. HE Lingjun (executive Directors), Ms. CHEN Yinlan (non-executive Director), Dr. TANG Wencheng, Dr. HAN Xiaofang, and Mr. LIN Jinjun (independent non-executive Directors).
• Regulatory Notices: The securities have not been and will not be registered under the U.S. Securities Act of 1933 or U.S. Investment Company Act of 1940, and are not being offered in the United States except pursuant to certain exemptions. There will be no public offer of securities in the U.S.

Price-Sensitive and Shareholder-Relevant Information

• The final offer price of HK\$15.36 per H Share and the listing schedule are both key, price-sensitive details for existing and potential investors. The share price upon listing and in the post-listing stabilization period may be influenced by these factors.
• The potential for price stabilization activities for up to 30 days post-listing provides initial price support but also indicates that the share price could be volatile or fall once this period ends.
• The right to terminate the Hong Kong Public Offering prior to the listing date is a material risk factor that could affect the share value and investor sentiment.

Other Noteworthy Details

• Investors are advised to review the Prospectus for comprehensive details and consider all fees, offering terms, and risk factors before making any investment decisions.
• The announcement reiterates that the document is not a prospectus or a public offer in the United States. Investors outside Hong Kong and other approved jurisdictions may not be eligible to participate.

Conclusion

The setting of the offer price, the expected listing timetable, and the potential for post-listing price stabilization are all significant developments for Estun Automation and its potential investors. These factors are likely to influence the initial trading performance and volatility of Estun’s H Shares upon their debut on the Hong Kong Stock Exchange.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or an offer to buy or sell any securities. Investors should consult the official Prospectus and seek professional advice before making any investment decisions. The author assumes no responsibility for any investment decisions made based on this article.

View ESTUN Historical chart here