Zhejiang HangKe Technology Incorporated Company placed 12,625,697 GDRs at an offer price of USD 13.69 per GDR, with one (1) GDR representing an interest in two (2) A-shares of the company. The A-shares of the company are listed on the Shanghai Stock Exchange. Zhejiang HangKe Technology Incorporated Company raised gross proceeds of approximately USD 172.85 million from the GDRs offering.

Zhejiang HangKe Technology Incorporated Company is engaged in the design, R&D, production, sales and services of lithium-ion battery formation and grading equipment and systems.

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