New stock news | Jiaxuan Intelligent Submits Application to Hong Kong Stock Exchange

According to the disclosure of the Hong Kong Stock Exchange on June 30th, Jiangsu Jiaxuan Intelligent Industrial Technology Co., Ltd. (hereinafter referred to as "Jiaxuan Intelligent") has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Dongxing (Hong Kong) as its exclusive sponsor. According to the prospectus, the company is a globally leading provider of industrial permanent magnet electric drive solutions headquartered in China, with nearly twenty years of deep cultivation in the industrial electric drive field. According to Frost & Sullivan's data, throughout the entire historical period, by revenue, the company ranks first globally in (i) industrial permanent magnet electric drive solution providers (with a market share of over 10%); (ii) industrial permanent magnet direct drive drum suppliers (with a market share of over 80%); and (iii) mining industry permanent magnet electric drive solution providers.