CATL Successfully Completes Major H Share Placing, Raising Over HK\$39 Billion

Key Points for Investors and Shareholders

• Contemporary Amperex Technology Co., Limited (CATL) has announced the successful completion of a significant placement of 62,385,000 new H Shares.
• The placement was finalized on April 30, 2026, following the satisfaction of all conditions precedent outlined in the Placing Agreement.
• The new H Shares were placed at a price of HK\$628.20 per share to not less than six independent placees, raising gross proceeds of approximately HK\$39.19 billion and net proceeds of around HK\$39.12 billion after expenses.
• The placement represents a substantial 28.58% increase in H Shares (as enlarged by the new shares) and raises the total number of H Shares in issue from 155,915,300 to 218,300,300.
• No single placee became a substantial shareholder as a result of this transaction.
• Total issued shares of the company increased from 4,564,107,821 to 4,626,492,821.

Details of the Placing

The placement was managed by leading international banks, including BofA Securities, CICC, J.P. Morgan, and Morgan Stanley (in alphabetical order). This demonstrates strong institutional interest and confidence in CATL’s strategic direction and growth prospects.

The new H Shares were allotted and issued to not fewer than six independent third-party placees, whose ultimate beneficial owners are also independent of the company and its connected persons. This ensures that the placement does not alter the control dynamics of the company.

Importantly, none of the placees became a substantial shareholder (as defined under the Hong Kong Listing Rules), maintaining the diversified nature of the company’s shareholder base.

Impact on Share Capital Structure

The company’s share capital structure has changed as follows:

• A Shares: Remain unchanged at 4,408,192,521, now representing 95.28% of total share capital post-placement (down from 96.58%).
• H Shares: Increased from 155,915,300 (3.42%) to 218,300,300 (4.72%). Placees now hold 62,385,000 H Shares (1.35% of total share capital).
• Total Issued Shares: Increased to 4,626,492,821.

This demonstrates a slight dilution for existing shareholders but also reflects the company’s success in attracting significant new capital.

The increase in A Shares from 4,408,164,828 (as of the Placing Announcement date) to 4,408,192,521 was due to the exercise of share options under the company’s incentive plans on April 28 and April 29, 2026. This further signals ongoing employee participation and alignment with shareholder interests.

Potential Price Sensitive Information

• Major Capital Raising: The successful placement and the substantial funds raised (~HK\$39.12 billion net) are likely to have a significant impact on CATL’s balance sheet and future expansion capabilities.
• Share Dilution: The increase in issued shares may have a dilutive effect on current shareholders’ holdings.
• Market Confidence: The involvement of leading global investment banks and the breadth of the investor base may be seen as a positive signal regarding CATL’s growth prospects.
• No Change in Control: No placee became a substantial shareholder, ensuring continuity in the company’s governance and strategic direction.

These developments are likely to be closely watched by the market and could influence the company’s share price in the short to medium term.

Board and Governance Update

As of the date of the announcement, the Board is chaired by Mr. Zeng Yuqun and includes both executive and independent non-executive directors, reflecting a robust governance structure.

Conclusion

The completion of this major H Share placement is a significant event for CATL, strengthening its capital base and reinforcing its position as a leader in the battery technology sector. Investors should closely monitor future developments and management’s plans for deploying the newly raised funds, as these will be critical for the company’s long-term growth trajectory.

Disclaimer

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should consult with their professional advisors before making any investment decisions.

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