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Londian Wason's NYSE Listing: A New Chapter in Copper Foil Manufacturing

Londian Wason New Energy Tech Inc., a premier global producer of electrolytic copper foil, proudly announced its official listing on the New York Stock Exchange this morning, engaging under the ticker symbol "FOIL." The highly anticipated move was spearheaded with strong backing from leading financial firms, including Cantor Fitzgerald & Co. and Huatai Securities (USA), among others, contributing to a successful initial public offering (IPO) that offered around 4.3 million American Depositary Shares (ADS) priced at $22 each.

On its inaugural trading day, the stock experienced a significant surge, opening at $26 per share, reflecting an impressive gain of 18.18% from the IPO price. This debut not only solidifies Londian Wason’s position as a leader in the copper foil market but also signifies its strong future outlook in the ever-expanding electric vehicle, battery, and electronics sectors.

Copper foil, a crucial material in battery production, copper clad laminates (CCL), and printed circuit boards (PCB), is increasingly in demand as the world shifts towards green energy and electronic solutions. Londian Wason was recognized as the leading supplier of lithium-ion battery copper foil in terms of sales volume in 2025, reflecting its pivotal role within this dynamic industry.

The company has developed a robust clientele that includes some of the world's top manufacturers in lithium battery technology, such as LG Energy Solution, CATL, and Panasonic Industrial Materials. Londian Wason offers a diverse product range, including ultra-thin battery copper foil and high-performance PCB foil (HTE to HVLP specifications), catering to various applications and customer requirements.

Mr. Wang Guanran, Chairman and Co-CEO of Londian Wason, expressed optimism about this new chapter for the company. He stated, "As an industry leader, we have consistently driven the evolution of products and solutions in the copper foil industry. With a successful IPO, we are eager to enhance our strategic direction, focusing on scaling-up our product offerings while serving the high-end needs of our global clients."

The IPO was characterized by the participation of cornerstone investors like Harvest Global Capital Investments Limited and Hithium Global Pte. Ltd. The net proceeds from this IPO are earmarked for significant investment in global production expansion, technological advancements, and general corporate purposes, demonstrating Londian Wason’s commitment to growth.

In their recent quarterly report for the period ending March 31, 2026, Londian Wason showcased remarkable financial performance, recording total revenues of RMB 4.07 billion (approximately US$582.4 million), marking a year-over-year increase of about 113.71%. This period also highlighted a turnaround in profitability, with the company posting a net profit of RMB 134.5 million (US$19.2 million) after previously incurring a net loss in the same timeframe last year.

The listing on the NYSE represents not just a financial milestone for Londian Wason but also a proud moment for the company as it ventures into the global capital markets, backed by partners from South Korea and Japan, and reflects the increasing global integration of its business practices.

As the global demand for green technologies and efficient energy solutions grows, Londian Wason is well-positioned to capitalize on these trends and continue its legacy as a key player in the copper foil sector. This IPO is a significant step toward advancing its vision of innovation and delivering high-quality products to its customers worldwide.

With a robust strategy and expansion plan, Londian Wason is poised for a bright future in the copper foil market, with expectations of continued growth and a lasting impact on the electronic and battery industries.