Huasheng Lithium plans to issue H-shares and list on the Hong Kong Stock Exchange

Beijing Business Daily (Reporter Ma Huanchang, Li Jiaxue) — On the evening of March 10, Huasheng Lithium Battery (688353) announced that to meet the company’s internationalization strategy and overseas business expansion needs, and to enhance the company’s international brand recognition, the company plans to issue H-shares and list on the Main Board of the Hong Kong Stock Exchange.

The announcement shows that Huasheng Lithium Battery held the sixth meeting of the third board of directors on March 9, during which it approved the proposals titled “Proposal on the Company’s Issuance of H-shares and Listing on the Hong Kong Stock Exchange” and “Plan for the Company’s Issuance of H-shares and Listing on the Hong Kong Stock Exchange.”

Huasheng Lithium Battery stated that the company will fully consider the interests of existing shareholders and the conditions of domestic and international capital markets, and will choose an appropriate time and issuance window within the shareholders’ meeting validity period (i.e., 24 months from the date the shareholders’ meeting approves or other periods approved for extension) to complete this H-share issuance and listing. As of now, the company is in discussions with relevant intermediary agencies regarding the issuance and listing of H-shares. Aside from the proposals approved by the board of directors, other specific details related to this issuance and listing have not yet been finalized.