Kingwu Financial News | Jingke Electronics Co., Ltd. (02551) will start its IPO today, planning to issue 33.6 million H shares, with 10% for public offering in Hong Kong, 90% for international placement, and an additional 15% over-allotment option. The offering price per share is HKD 3.61. Trading board lot size is 1,000 shares, with an entry fee of HKD 3,646.41. CITIC Securities is the exclusive sponsor. The shares are expected to be listed on November 8. Fundraising scale: 0.1213 billion yuan.

This fundraising is expected to raise a net amount of approximately HKD 64.1 million. Around 70% will be used to expand the group's autos asia vets vision capacity, continuously drive the development of autos asia vets vision business, meet customer demands, enhance regional layout, and further increase market share. Approximately 20% will be allocated to technology innovation and product upgrades, continuously enhance the group's technological capabilities, accelerate cutting-edge technology R&D, optimize and expand the group's product line, and expand the research and development team. Approximately 10% will be used for working capital and general corporate purposes to support the group's daily business operations and growth.