Company: Zhejiang Galaxis Technology Group Co., Ltd.

Date of Prospectus: March 16, 2026

Zhejiang Galaxis Technology Group Co., Ltd. IPO: Key Details, Offer Structure, and Investor Analysis

IPO Snapshot: Key Facts for Investors

Zhejiang Galaxis Technology Group Co., Ltd. is launching a global offering of H Shares on the Hong Kong Stock Exchange, symbol 2729. This IPO features a fully electronic application process, reflecting the issuer’s commitment to digital efficiency and broad investor access [[3]].

The IPO is structured with a Hong Kong Public Offering (3,679,800 H Shares) and an International Offering (33,118,200 H Shares), subject to reallocation and over-allotment. The Over-allotment Option allows for up to 5,519,600 additional shares, representing 15% of the initial offer size. [[5]]

Global Offering Structure and Placement Breakdown

The allocation comprises:

• Hong Kong Public Offering: 3,679,800 H Shares (approx. 10% of total, subject to reallocation).
• International Offering: 33,118,200 H Shares (approx. 90% of total, subject to reallocation and over-allotment).
• Maximum reallocation: Up to 5,519,600 Offer Shares (15%) for Hong Kong Public Offering if oversubscribed.
• Over-allotment Option: Up to 5,519,600 additional H Shares (15% of total offer) for International Underwriters, exercisable within 30 days after last application date [[5]].

No mention of cornerstone, anchor, or employee allocations appears in the prospectus.

Investor Participation and Book Quality

The prospectus outlines a fully electronic application process, with no physical channels for public application, enhancing accessibility for both retail and institutional investors.

• Applications must be made online via White Form eIPO (www.eipo.com.hk) or through HKSCC EIPO channel via brokers or custodians who are HKSCC participants.
• No specific anchor or institutional investor names, subscription levels, or book quality metrics are disclosed.

Bookrunners and overall coordinators have stabilization powers, including price support for up to 30 days post-listing, which may favor strong first-day performance if exercised. [[1]]

Deal Parties and IPO Structure

Investment banks and underwriters for the IPO include:

• Guotai Junan Securities (Hong Kong) Limited (Stabilizing Manager, Overall Coordinator, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager)

The Stabilizing Manager may undertake market stabilization actions for up to 30 days after the close of Hong Kong Public Offering applications (April 18, 2026). This mechanism is designed to limit volatility and support listing-day performance within regulatory boundaries [[1]].

Company Overview: Business Model, Products, and Market Position

Zhejiang Galaxis Technology Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China with limited liability.

• Key business activities, revenue streams, products/services, monetization strategies, customer segments, and geographic reach are not detailed in the prospectus.
• No industry definition, sector size, or market share figures are disclosed.

The management team is led by Dr. GU Chunguang (Chairperson, Executive Director, CEO), supported by Dr. YANG Yan, Mr. SHEN Lu, and Dr. BAI Hongxing (executive directors); Mr. SHEN Qi and Mr. LI Qiuyu (non-executive directors); and Dr. HU Jianqiang, Mr. MO Rong, and Mr. LAU Hak Lap (independent non-executive directors). [[10]]

Financial Health and Key Metrics

The prospectus does not provide detailed financial tables on revenue, profit, margins, or balance sheet items. Investors should refer to the company’s website for further financial disclosures.

Trends, Timing, and Market Environment

The IPO is timed for listing on March 24, 2026, with the application window from March 16 to March 19, 2026.

• Sector, regional, and global trends, historical demand drivers, or macroeconomic indicators are not described.
• Recent developments about the company or sector are not specified.

The prospectus indicates a fully digital IPO process, aligning with broader market trends toward electronic platforms and investor convenience.

Risk Factors: Quantified Exposures and Regulatory Considerations

The prospectus highlights key risks:

• Potential volatility post-stabilization period, as price support ends 30 days after the last application date for Hong Kong Public Offering (April 18, 2026).
• Global Offering may be terminated by Overall Coordinators upon certain events prior to 8:00 a.m. on Listing Date, which could impact IPO outcome [[1]].
• Investors trading H Shares before receipt or validation of share certificates bear full risk.
• No temporary documents of title will be issued; share certificates become valid only at 8:00 a.m. on March 24, 2026, assuming conditions are met [[9]].

Other legal, regulatory, and operational risks are not quantified in the prospectus.

Growth Strategy and Expansion Plans

No specific use of proceeds, growth strategies, expansion plans, capex pipeline, or new product details are provided in the prospectus.

Ownership Structure and Lock-Up Arrangements

• No pre- and post-IPO shareholding structure, promoter/major shareholder holdings, or lock-in periods are disclosed.
• No mention of ESOPs or employee share allocation.

Valuation and Peer Comparison

No financial ratios, peer company symbols, or comparative tables are provided in the prospectus. Investors should consult the company’s website for further valuation metrics.

Research Coverage and Analyst Opinions

No analysts, covering institutions, price targets, or opinions are included in the prospectus.

IPO Allotment Results and Implications

Allocation results will be published via:

• www.hkexnews.hk
• www.galaxis-tech.com
• www.iporesults.com.hk (with “search by ID” function)
• Telephone enquiry at +852 2862 8555 (March 24–27, 2026, 9:00 a.m. to 6:00 p.m.)

Successful applicants’ identification information and allocation results will be available from 11:00 p.m. March 23, 2026, to midnight March 29, 2026. [[7]]

Listing Outlook: First-Day Performance and Subscription Value

Based strictly on prospectus facts:

• Stabilizing Manager may support share price for 30 days post-listing, which favors a stable debut [[1]].
• Book quality, investor demand, and oversubscription rates are not disclosed, limiting predictive value.
• Electronic application and robust deal structure suggest broad access and potential for strong retail/institutional participation.
• Offer price set at a maximum of HK\$20.40 may allow for upside if demand exceeds supply and stabilization is active.

Inferred Outlook: The IPO appears worth considering for subscription, with likely first-day trading strength supported by stabilization actions and digital accessibility. Estimated trading range may align closely with offer price, barring unforeseen volatility after stabilization period.

Prospectus Access

Company website: www.galaxis-tech.com

Hong Kong Stock Exchange: www.hkexnews.hk

How to Apply for Zhejiang Galaxis Technology Group Co., Ltd. IPO

Application Channels:

• White Form eIPO Service: www.eipo.com.hk (for physical H Share certificates, allotted in applicant’s name)
• HKSCC EIPO Channel: Through broker or custodian who is a HKSCC Participant (shares allotted in name of HKSCC Nominees, credited to designated stock account)

Application Window: March 16, 2026 (9:00 a.m.) to March 19, 2026 (12:00 noon)

Minimum Application: 200 H Shares (and multiples as specified in the prospectus)

All payments must be made in full upon application, including brokerage, SFC transaction levy, AFRC levy, and Stock Exchange trading fee. [[4]]