Congratulations to REPT BATTERO Energy Co., Ltd.(0666.HK) on its Successful Listing

Congratulations to REPT BATTERO Energy Co., Ltd.(0666.HK) on its successful listing on the Mainboard of HKSE on 18 December 2023.

REPT BATTERO Energy Co., Ltd.(“REPT”) is a lithium-ion battery manufacturer in China. REPT focuses on the R&D, manufacturing and sales of lithium-ion EV battery products and ESS battery products. REPT was established by Tsingshan Group and other Shareholders in October 2017 with an aim to expand into the fast-growing and prospective new energy industry. REPT’s EV battery products include LFP battery products and ternary lithium battery products used in various types of passenger vehicles, commercial vehicles and special vehicles. REPT’s ESS battery products are LFP battery products for a broad range of household, commercial and industrial energy storage.

With regard to this listing application, AVISTA Group is honoured to be engaged in providing valuation services on share-based compensation, asset impairment test and financial assets.

Congratulations again to REPT BATTERO Energy Co., Ltd.(0666.HK) on its successful listing. The issue price is HKD 18.30 per share, and the amount of funds raised is HKD 2.12 billion.