LEADERDRIVE (688017.SH): Plans H-share issuance and listing on HKEX main board to advance global strategy

NewTimeSpace News: On 27 August 2026,LEADER HARMONIOUS DRIVE SYSTEMS CO., LTD(688017) announced that at the 15th meeting of its third session of the Board of Directors held on 26 August 2026, the Board approved resolutions in relation to the proposed initial public offering of H shares and listing on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX).

According to the announcement, the proposed issuance and listing are intended to deepen the company's global strategic layout, enhance its international brand image, diversify financing channels and further strengthen its core competitiveness. The issuance and listing remain subject to consideration and approval by the company's shareholders' meeting, as well as filing, approval and/or authorization by the China Securities Regulatory Commission, HKEX, the Securities and Futures Commission of Hong Kong and other relevant authorities.

The company will give full consideration to the interests of existing shareholders and conditions in both domestic and overseas capital markets, and will complete the issuance and listing at an appropriate time and issuance window within the validity period of the shareholders' resolution, namely within 24 months from the date the resolution is approved by the shareholders' meeting. To date, the company is actively discussing the relevant matters with intermediaries; apart from the resolutions approved at the Board meeting, the specific details of the issuance and listing have not yet been finalized.

The announcement also cautions that whether the issuance and listing can pass the review, filing, approval and/or authorization procedures and be ultimately implemented involves significant uncertainty, and the company will fulfill its information disclosure obligations in a timely manner in accordance with subsequent progress, urging investors to follow the announcements and be aware of investment risks.

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