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CATL's Listing on HKEX: A Historic Move Towards a Carbon-Free Future

In a groundbreaking announcement, Contemporary Amperex Technology Co., Limited (CATL) has made its debut on the Hong Kong Stock Exchange (HKEX) under stock code 3750. The company's global offering has attracted immense attention, involving 135 million shares priced at HKD 263 each. This marks CATL as the pioneering A-share company to seek a secondary listing in Hong Kong with a set price cap on its issuance. Within just 128 days from the launch to completion, CATL’s IPO showcased remarkable resilience, closing without any discount compared to its A-share price on the day of the price fixing. On its first trading day, CATL's shares soared, opening at HKD 296, up 12.55% from the offering price.

This IPO succeeded in garnering interest from a diverse range of investors spanning 15 countries and regions, including sovereign funds, institutional investors, and multi-strategy funds. The overwhelming demand not only reflects confidence in CATL's long-term value but also emphasizes the vast potential in zero-carbon technologies.

Robin Zeng, CEO of CATL, shared during the IPO ceremony, "CATL is not just a battery component manufacturer; we are a systems solutions provider committed to becoming a zero-carbon technology enterprise. This listing signifies our deeper integration into global financial markets, marking a new phase in our mission to propel the global zero-carbon economy."

The Global Zero-Carbon Economy

As the world intensifies its focus on combating climate change, the zero-carbon economy has transitioned from an environmental necessity to a dynamic economic growth driver. As a leader in this field, CATL plays a vital role in advancing a carbon-free society by relentlessly innovating in zero-carbon technologies.

Several key areas illustrate CATL's efforts:

• - Zero-Carbon Transportation: BloombergNEF projects that annual investments in electric transportation need to reach $3 trillion by 2030 to meet global net-zero goals. The global transportation system is undergoing a significant transformation, with new energy vehicles and battery exchange ecosystems entering a phase of explosive growth. CATL leads this charge by creating the world's most advanced and diverse product portfolio to meet transportation's transformative demands.
• - Zero-Carbon Electricity: Anticipated global electricity consumption is expected to increase by 75% by 2050, with potential investments in renewables exceeding $10 trillion over the next 25 years. CATL is committed to resolving current grid challenges through zero-carbon network technologies, which include power electronics and flexible regulation systems.
• - Decarbonizing Global Industries: Currently, 195 countries have set emissions reduction targets, facilitating the energy transition towards a zero-carbon economy. The International Energy Agency forecasts that $4.5 trillion in annual investment will be needed globally by 2030 to achieve net-zero emissions. CATL aims for all its factories to be carbon neutral this year while contributing to the decarbonization of traditional industries such as steel and cement.

In harmony with its focus on carbon neutrality, CATL is also committed to energy circularity. Later this June, CATL plans to unveil more details regarding its global commitment to energy circularity, collaborating with inter-industry partners to build a robust circular economy ecosystem.

Investment and Innovation

Over the past decade, CATL has invested over RMB 70 billion (approximately $10 billion) in research and development, amassing over 43,000 granted and applied patents globally. CATL has maintained its position as a leader in new patents within the industry for five consecutive years, boasting six global R&D centers.

The strategic importance of Hong Kong as an international financial center offers CATL a vital platform to support its production capacity expansion, supplier network, and talent pool. This allows for diverse cooperation with international partners, which is essential for achieving a zero-carbon future.

Going forward, CATL is dedicated to prioritizing innovation, its core competitive advantage, and focusing on developing zero-carbon technologies that support global zero-carbon economic growth.

About CATL

Contemporary Amperex Technology Co., Limited (CATL) stands at the forefront of technological innovation in the new energy sector, aiming to provide top-notch solutions and services worldwide. Having first entered the Shenzhen Stock Exchange in June 2018 under stock code 300750, CATL has consistently led the global market in electric vehicle battery consumption for eight consecutive years and in global energy storage battery market share for four years. Recognized by global partners in the electric vehicle and energy storage fields, CATL commits to exceptional contributions towards humanity's energy transition, outlining its strategic goals for carbon neutrality by 2025 in its core operations and by 2035 across the entire battery supply chain.