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Wangyuan Technology's overseas listing filing approved, plans main board listing on HKEX

Tianjin Wangyuan Intelligent Technology Co., Ltd.'s overseas listing filing has been approved. The company plans to issue no more than 12.6886 million overseas-listed ordinary shares and list on the HKEX Main Board, while 16 shareholders plan to convert a total of 14.7139 million domestic unlisted shares into overseas-listed shares. The prospectus shows that proceeds will mainly be used to expand production capacity, expand global sales channels, and enhance R&D capabilities. According to a CIC report, Wangyuan Technology ranked among the global top three in pool cleaning robot shipments and GMV in 2024, with a market share of about 9.2%; its cordless product shipments ranked first globally, with a market share of 19.7%.

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