On September 19, 2025, Zhejiang Taotao Vehicles Co.,Ltd. released an "Indicative Announcement Regarding the Planning of H-Share Issuance and Listing on The Stock Exchange of Hong Kong Limited." The announcement revealed that Zhejiang Taotao Vehicles Co.,Ltd. (hereinafter referred to as "the Company") is currently planning to issue H-shares and list on the Main Board of the Hong Kong Stock Exchange to further expand its global strategic layout, enhance its global influence and brand image, and promote the company's long-term stable business development.
**"A+H" Dual Platform Synergy Deepens Global Capital and Strategic Collaboration**
Zhejiang Taotao Vehicles has consistently driven strategic implementation with a global perspective. This planned H-share issuance represents an important initiative for the company to advance international capital operations and establish a dual financing platform. As an international financial center, Hong Kong possesses highly market-oriented operational mechanisms, diverse international capital resources, and extensive global market connectivity capabilities, providing mainland enterprises with important channels to connect with international capital and accelerate brand internationalization. The company hopes to further strengthen its capital position through Hong Kong financing, broaden financing channels, and provide solid financial support for overseas capacity construction, channel expansion, and technology research and development.
Compared to single-market listing, the "A+H" dual capital platform will fundamentally enhance Zhejiang Taotao Vehicles' global capital allocation capabilities, helping the enterprise achieve diversified financing channels, globalized capital allocation, and complementary valuation systems. If Zhejiang Taotao Vehicles successfully lists on the Hong Kong stock market, it will be able to more flexibly capitalize on financing windows in different markets, reduce single-market dependency, enhance risk resistance capabilities, and improve capital utilization efficiency. Meanwhile, the Hong Kong stock market attracts numerous international institutional investors, facilitating the company's future overseas asset mergers and acquisitions while reducing foreign exchange costs and risks. Through "A-share solid foundation and H-share global connection," the company aims to achieve truly meaningful global capital synergy while providing investors with more stable value return expectations.
**Global Production and R&D Layout Builds Operational Support for "A+H" Model**
Zhejiang Taotao Vehicles has accumulated substantial advantages in global operations. The company's founding team has deeply cultivated the North American market for nearly twenty years, precisely grasping front-end consumer demands and establishing a comprehensive localized operational system covering "R&D—Manufacturing—Sales—After-sales." Currently, the company has formed a "China + Southeast Asia + North America" three-region production capacity layout, with manufacturing bases in the United States, Vietnam, and Thailand, and multiple warehousing centers established in North America, achieving supply chain vertical integration and rapid response. The Hong Kong listing will directly support the company's further expansion of overseas production capacity, optimization of global supply chains, and acceleration of brand internationalization.
In terms of research and development, the company is actively building a global innovation network. Domestically, wholly-owned subsidiary Shanghai Jizhi Intelligent Technology Co., Ltd. and the planned Shanghai Zhangjiang Research Institute and Chongqing Research Institute will focus on intelligent technology R&D and large-displacement engine development respectively. Internationally, the establishment of a U.S. cutting-edge technology incubation team will connect with top international technology and talent resources. H-share financing will accelerate the implementation of the company's "domestic and international R&D linkage" strategy, enabling faster integration into the international technology ecosystem, enhancing product adaptability and competitiveness, while effectively responding to changes in the international trade environment.
**Strengthening Corporate Governance and Brand Image for Sustained Long-term Value Creation**
The Hong Kong listing is not merely a financing activity but also an important opportunity to enhance corporate governance standards and international transparency. By connecting with international capital market regulatory standards and investor groups, this will drive comprehensive improvements in Zhejiang Taotao Vehicles' governance structure, transparency, and management efficiency, while enhancing international investor confidence and deepening the company's value recognition in global markets.
Looking ahead, Zhejiang Taotao Vehicles will use the "A+H" listing as an opportunity to further deepen its global layout, continuously consolidate its market position through technology upgrades, supply chain integration, and channel brand building, improve brand penetration and market share, ultimately achieving long-term stable company development and creating sustainable value returns for investors.
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