#USA #New York #NYSE #Copper Foil #Londian Wason

Londian Wason Makes History on the NYSE

Londian Wason New Energy Tech Inc. has achieved a significant milestone
today, officially listing its shares on the New York Stock Exchange (NYSE) under
the ticker symbol "FOIL". This move marks a historic moment not only for the
company itself but also for the entire global copper foil industry.

Founded in China, Londian Wason is recognized as the leading manufacturer of
electrolytic copper foil, a crucial material used across various applications
including batteries, copper-clad laminates (CCL), and printed circuit boards
(PCB). The company successfully held its initial public offering (IPO) today,
offering approximately 4.3 million American Depositary Shares (ADS) priced at
$22 per share. Remarkably, on its first trading day, the stock opened at
$26.00, an impressive 18.18% increase over the IPO price.

A Global Supplier

In 2025, Londian Wason ranked as the world’s top supplier of copper foil for
lithium-ion batteries by sales volume. The company has established a diverse
and high-quality global customer base, serving major battery manufacturers,
CCL, and PCB clients. Some of its esteemed clients include LG Energy Solution,
CATL, SK On, Samsung SDI, ATL, and Panasonic Industrial Materials. This
contractual diversity showcases Londian Wason’s robust position in the market.

The company offers a comprehensive range of products tailored for various
applications, including ultra-thin copper foil for batteries and PCB foils that
meet specifications from high thermal expansion to high voltage low power
(HVLP) requirements.

WANG Guanran, Co-CEO and Chairman of Londian Wason, expressed pride in the
company's accomplishment: "As industry leaders, we have continuously driven
the evolution of products and solutions in the copper foil sector. With our
successful IPO, we aim to advance our strategy in expanding our portfolio of
key products, including our ultra-thin, high-strength copper foils for
batteries and VLP, RTF, and HVLP copper foil solutions for high-end CCL and
PCB customers."

Significance of the Listing

The listing on the NYSE signifies a pivotal development for Londian Wason. It
positions the company prominently as a global leader originating from China,
collaborating with key stakeholders and clients from South Korea and Japan,
and entering the global capital markets. Major investors for Londian Wason’s
IPO included Harvest Global Capital Investments Limited and Hithium Global
Pte. Ltd. The net proceeds from the public offering will primarily fund global
production expansion and modernization, advanced technology research and
development, process optimization, and product and application portfolio
expansion.

During the first quarter ending March 31, 2026, Londian Wason reported total
revenues of 4.070 billion RMB (approximately $582.4 million), indicating a
year-on-year growth of around 113.71%. Notably, the company transitioned from
incurring a net loss in the previous year to achieving a net profit of 134.5
million RMB ($19.2 million) in the referenced quarter—a strong indicator of
its ascending profitability.

Looking Ahead

Going forward, Londian Wason aims to leverage its IPO as a platform for
aggressive expansion and innovation in a rapidly evolving market. The demand
for high-quality copper foil is projected to rise as industries such as
electric vehicles and consumer electronics evolve. As Londian Wason embarks on
this new chapter of public trading, industry stakeholders and investors will
be closely monitoring the company's performance and its plans for future
innovation.

Londian Wason’s commitment to product excellence and customer satisfaction
will likely continue to drive its growth trajectory, setting a pace for others
in the industry to follow as it navigates the complexities of public
company dynamics.