• Yuanxin Energy Storage (09621), backed by Shanghai Royalsea Capital Management's Tongxiang Wuzhen fund, listed on Hong Kong's main board Nov. 9.
• The offering raised approximately HKD 500 million in net proceeds at an issue price of HKD 9.79 per share.
• Shares opened at HKD 21, valuing the company at approximately HKD 8.6 billion.
• The fund completed its investment on Dec. 31, 2025, reaching the listing milestone in less than a year.
• Proceeds will support research and development, overseas localization teams and construction of a 10 GWh factory in Wuzhen, Zhejiang.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Royalsea Capital Management Ltd published the original content used to generate this news brief on November 09, 2026, and is solely responsible for the information contained therein.