Kaleyuan Technology (02729.HK) plans a global offering of 36.798 million H-shares, with an expected listing on March 24.

Gelonghui March 16 — KAILIERS Technologies (02729.HK) announced that the company plans to conduct a global offering of 36.798 million H-shares, with 3.6798 million shares available in Hong Kong, and 33.1182 million shares available internationally (subject to reallocation and the exercise of over-allotment options). The IPO will be from March 16 to March 19, 2026, with the expected pricing date on March 20. The offering price will range from HKD 16.40 to HKD 20.40 per share. The minimum trading unit for H-shares will be 200 shares. Guotai Junan International and CITIC Securities are joint sponsors. H-shares are expected to begin trading on the Hong Kong Stock Exchange on March 24, 2026.

The company is a provider of integrated intelligent on-site logistics robots, offering a diverse range of robot products centered around three core product lines: Multi-directional Shuttle Robots (MSR), Autonomous Mobile Robots (AMR), and Conveying and Sorting Robots (CSR). The company’s robot portfolio features core functions such as access, sorting, and handling, covering the entire scope of on-site logistics operations. As a mature player in the intelligent on-site logistics robot industry, the company possesses extensive technological capabilities and a diversified portfolio of self-developed robots, covering widely adopted high and effective payload specifications for core on-site logistics functions. Over the past decade, the company has been dedicated to innovation in on-site logistics automation. Based on 2024 revenue, it ranks fifth among China’s top five integrated intelligent on-site logistics robot companies, with a market share of 1.6%.

The company is positioned in the midstream of the industry, providing intelligent on-site logistics solutions to address fundamental challenges in modern warehouse operations. Leveraging expertise in system design, the company combines advanced robot technology with intelligent software to offer flexible and scalable automation solutions, improving operational efficiency, enhancing reliability, and reducing costs to meet evolving business needs. The company’s solutions transform traditional warehouses into smart facilities capable of supporting modern business dynamics, significantly reducing reliance on manual labor and rigid infrastructure.

The company estimates that, assuming an offering price of HKD 18.40 per H-share (the midpoint of the indicative range) and that the over-allotment option is not exercised, the net proceeds from the global offering will be approximately HKD 617.5 million. The company plans to use the net proceeds from the global offering for the following purposes: (a) approximately 24.5% to advance its core robot product lines (such as improving existing products and developing new ones); (b) approximately 20.5% for research and development of underlying technologies (such as digital twin technology, large model technology, and AI-integrated robotics) and software capabilities; © approximately 25.0% to expand production capacity and enhance manufacturing capabilities (such as increasing manufacturing capacity and upgrading production systems); (d) approximately 20.0% to execute the company’s global market expansion strategy, which is crucial for building its international influence and capturing opportunities in key overseas markets; and (e) approximately 10.0% for working capital and other general corporate purposes to support daily operations and overall business growth.