New Stock News | Farasis Energy's Hong Kong Stock IPO and Domestic Unlisted Shares "Fully Circulated" approved by the China Securities Regulatory Commission

On July 17, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice of Filing for the Overseas Issuance and Listing of Shenzhen Farasis Energy Storage Technology Co., Ltd. and the Full Circulation of Unlisted Shares in China". The company plans to issue no more than 134,933,400 overseas listed common shares and list them on the Hong Kong Stock Exchange. Thirteen shareholders of the company plan to convert a total of 352 million unlisted domestic shares into overseas listed shares and list them for circulation on the Hong Kong Stock Exchange. According to the prospectus, Farasis Energy Storage was established in 2019 and is a leading global provider of integrated energy storage system (ESS) solutions, dedicated to empowering high-quality energy storage assets worldwide and providing full-lifecycle solutions covering all key stages of energy storage projects. The company focuses on the research, development, manufacturing, and sales of energy storage system solutions, serving customers in China and abroad. Its integrated energy storage system solutions have diverse applications, covering large-scale and commercial energy storage scenarios. According to Frost & Sullivan data, the company added 1.3 GWh of independent energy storage installation capacity in the first nine months of 2025, ranking first among global providers of energy storage asset full-lifecycle solutions. In 2024, based on energy storage system shipments, the company ranked fifth among global providers of energy storage asset full-lifecycle solutions with a shipment volume of 3.7 GWh. The names and quantities of "full circulation" shareholders for conversion are as follows: