MEIG (03268.HK): Associate HOSIN ELEC Lists on HKEX Main Board, RMB 88.47 Million 2026 Profit Impact Estimated

NewTimeSpace News: On 12 November 2026, MEIG (03268.HK) published an overseas regulatory announcement stating that Shenzhen HOSIN Electronics Co., Ltd. (02681.HK), an associate of its wholly-owned subsidiary Shenzhen Meige Zhitou Venture Capital Co., Ltd. (Meige Zhitou), listed on the Main Board of the Stock Exchange of Hong Kong on 12 November 2026, with ordinary H shares as the listed security.

HOSIN ELEC's global offering comprised 14,717,200 H shares at HKD 72.83 per share. Meige Zhitou invested in the company in 2020 and currently holds 3 million shares, subject to a lock-up of 12 months after listing.

The Company classifies the stake as a financial asset at fair value through profit or loss, presented under other non-current financial assets, with changes in fair value recognised in profit or loss. Based on HOSIN ELEC's closing price on 12 November, the stake is estimated to affect the Company's net profit attributable to shareholders for 2026 by about RMB 88.47 million, equal to about 61.99% of its audited net profit attributable to shareholders for 2025.

The Company said the fair value of the stake will move with secondary market prices, that the effect on its results is uncertain and that the final figure will be subject to its periodic reports.