1. Advised Gotion High-tech Co., Ltd. on offering the GDRs and listing on SIX Swiss Exchange
As a leading supplier of power battery systems in the industry, Gotion High-Tech Co., Ltd. has significantly increased the order demand of overseas customers in recent years, and Gotion High-Tech Co., Ltd. has reached strategic cooperation with high-quality international customers such as Volkswagen, Jinko, and Tata.
This offering is conducive to expanding the global market share of Gotion High-Tech Co., Ltd., further improving the level of performance, and promoting the long-term benign development of Gotion High-Tech Co., Ltd. This offering is also an important measure to respond to the policy call of the domestic capital market, deepen the interconnection of the Capital Markets between China and Europe, and use the overseas capital markets to promote the development of the real economy.
This offering sets several records:
a). Become one of the first enterprises to offer the GDRs and list on SIX Swiss Exchange since the implementation of Regulatory Provisions on Depository Receipts under the Connect Scheme between Domestic and Overseas Stock Exchanges (CSRC Announcement [2022] No. 28);
b). Become the largest GDR project issued by SIX Swiss Exchange since the implementation of Regulatory Provisions on Depository Receipts under the Connect Scheme between Domestic and Overseas Stock Exchanges (CSRC Announcement [2022] No. 28);
c). Become the first batch of GDRs issued by listed companies on the Shenzhen Stock Exchange;
d). Become the largest equity financing project ever issued by the new energy industry in the Swiss market;
e). To be the largest equity financing project issued in the Swiss market since 2022.
2. Assisting the first listed company to pass the review of the introduction of foreign strategic investment project by the non-public issuance after the new regulations come into effect ——Volkswagen(China) Strategic Investment in Gotion High-tech Co., Ltd.
Volkswagen Aktiengesellschaft is the largest car company in Europe and has been the world's top car sales list for years. In China, Volkswagen brand sales have also been perennial stability in the first place. Volkswagen(China) Investment Co., Ltd. Is Volkswagen Aktiengesellschaft’s regional headquarter in China, responsible for business in China, and will be the main platform of Volkswagen Aktiengesellschaft in China to achieve its new energy car strategy.
Volkswagen(China) Investment Co., Ltd. realizes the Strategic Investment in Gotion High-Tech Co., Ltd. through participation in the non-public issuance of Gotion High-Tech Co., Ltd. and the method of agreement transfer.
After the completion of the Strategic Investment, Volkswagen(China) Investment Co., Ltd. will become the largest shareholder of Gotion High-Tech Co., Ltd., holding 26.47% of the shares. The transaction marks the opening of a strategic partnership between Gotion High-Tech Co., Ltd. and Volkswagen(China) Investment Co., Ltd. The two sides will complement each other in technology and resources, realize cooperation in the field of new energy and promote the healthy development of China-EU relations.
