Direct Drive Tech Limited has launched its Hong Kong initial public offering, unveiling a 50.00 million-share Global Offering (subject to an over-allotment option) at a fixed price of HK$21.60 per H share.

The transaction is split into a 2.50 million-share Hong Kong Public Offering (5.0% of the deal, subject to reallocation) and a 47.50 million-share International Offering (95.0%, subject to reallocation and the over-allotment option). Based on the offer price and the enlarged share capital at listing, Direct Drive Tech’s implied market capitalisation will exceed HK$4 billion.

Key terms • Offer price: HK$21.60 per H share, inclusive of 1% brokerage, 0.0027% SFC levy, 0.00015% AFRC levy and 0.00565% Stock Exchange trading fee on application. • Nominal value: RMB0.10 per H share. • Stock Exchange listing: Main Board of Hong Kong, stock code 06731. • Trading lot size: 100 H shares. • Offer timetable: Application period runs from 9:00 a.m. 21 September 2026 to 12:00 noon 24 September 2026 (Hong Kong time). Listing and commencement of trading are slated for 9:00 a.m. 29 September 2026. • Results announcement: Levels of application, international demand, and allocation basis will be published by 11:00 p.m. 28 September 2026.

Application process The Hong Kong Public Offering is entirely paperless. Retail investors must submit applications through the White Form eIPO platform (www.eipo.com.hk) or via brokers/custodians using HKSCC’s FINI system. No printed prospectus or physical application channels will be provided. The minimum application size is 100 shares; the maximum available to any single retail applicant is 1.25 million shares.

Settlement and admission Subject to listing approval and fulfilment of customary conditions, the H shares will be accepted into CCASS for clearing and settlement on the listing date. Share certificates will become valid at 8:00 a.m. 29 September 2026, and refunds for unsuccessful or partially successful applications will be dispatched on 29 September 2026.

Governance and underwriting The offer is backed by a sole sponsor and overall coordinator, and may be terminated under specified circumstances up to 8:00 a.m. on the listing date. The board is chaired by Executive Director and CEO Mr. Zhang Di.

With the offering price locked and an expected market capitalisation above HK$4 billion, Direct Drive Tech’s debut will add a new technology player to Hong Kong’s Main Board later this month.