Leonteq Siasun Robot & Automation (01236) will be soliciting for public offering from April 30th to May 6th, and is expected to be listed on May 11th.

Siasun Robot & Automation (01236) will be listed for public offering from April 30 to May 6, 2026. The company plans to globally offer 33.334 million shares, with 10% offered in Hong Kong and 90% internationally. There is also a 15% over-allotment option, and the offering price will not exceed HK$30.00 per share. Trading of the shares is expected to begin on the Hong Kong Stock Exchange on May 11, 2026. The company is one of the leading companies with a portfolio of intelligent Siasun Robot & Automation visual perception technology products, including various innovative products such as Siasun Robot & Automation's laser radar. The company's intelligent visual perception products are integrated into a wide range of Siasun Robot & Automation machines, such as vacuum cleaners, lawn mowers, room service robots, restaurant delivery robots, inspection robots, and logistics robots. Seizing the opportunity in the global market for intelligent lawn mowing Siasun Robot & Automation, the company has efficiently researched and successfully mass-produced fully automated lawn mowing products. With core technologies such as multimodal perception and AI algorithms, the company has built extensive capabilities in the field of intelligent Siasun Robot & Automation from the development of underlying technologies to the implementation of applications. The company also has the ability to design and manufacture whole machines of Siasun Robot & Automation. By continuously innovating products, the company has successfully developed products tailored to emerging scenarios (such as smart garden maintenance systems) and achieved brand expansion overseas. Headquartered in China, the company is strategically expanding its business in overseas markets. The company has set up research and production bases in Shenzhen, a technical support center in Suzhou, and is actively establishing operations centers in Singapore, Hong Kong, and Germany, as well as production partnerships in Vietnam to achieve efficient research and development, production, sales, and service overseas. The company has close cooperation with over 300 Siasun Robot & Automation and related companies. As of the latest practicable date, the company's products and services reach end-users in over 50 countries and regions. The company manages over 20,000 square meters of factories and has established a stable supply chain system in the industry. The aforementioned arrangements support the research, design, and production of the company's visual perception products and entire Siasun Robot & Automation products, ensuring stable and flexible product delivery with high-quality service. The company, joint sponsors, and overall coordinators have entered into cornerstone investment agreements with Causeway Everbright Vision Investment Limited, a cornerstone investor who has agreed to subscribe for a certain number of shares (rounded down to the nearest whole trading unit of 200 H shares). The cornerstone investor has agreed to subscribe for shares at the offer price, totaling approximately HK$277 million. Assuming an offer price of HK$27.00 per share (the midpoint of the indicative price range of HK$24.00 to HK$30.00 as stated in this prospectus), the cornerstone investor will subscribe for a total of 10.2592 million H shares. Assuming the over-allotment option is not exercised and an offer price of HK$27.00 per share, the company estimates that it will receive net proceeds of approximately HK$827.1 million from the global offering. Approximately 45.0% of the net proceeds will be used to enhance the research and development of intelligent Siasun Robot & Automation visual perception technology to upgrade artificial intelligence functions and algorithms, optimize the company's intelligent Siasun Robot & Automation visual perception products and Siasun Robot & Automation products; approximately 10.0% will be allocated for brand building and international expansion to expand the overseas customer base; approximately 30.0% will be allocated for optimizing production capacity and capacity expansion to support large-scale shipment volumes; approximately 5.0% will be allocated for exploring potential investment and acquisition opportunities to enhance the company's technological capabilities and achieve scalable expansion. The company plans to focus on targets with mature overseas sales channels and strong market synergies, and approximately 10.0% of the net proceeds will be used for working capital and general corporate purposes.