Haers vacuum containers plans A-share offering for expansion

Zhejiang Haers Vacuum Containers Co., Ltd. is moving forward with a targeted A-share offering, as approved by the China Securities Regulatory Commission (CSRC) with license number 1926. The offering, not exceeding 139,880,319 shares or 30% of the current share capital, aims to raise up to 754.90m yuan. These funds will primarily be allocated to the "Haers Future Smart Creation" construction project (Phase I), which involves relocating existing production capacity and building new automated and intelligent production lines.

The total investment for the project is 862.32m yuan, with 754.90m yuan from the offering. This investment is expected to expand the company's annual vacuum insulated cup capacity by 23m units, enhancing its market position and profitability. The offering proceeds are designed to improve product customization, reduce production cycles, and boost overall operational efficiency, aligning with the company's strategic goals of intelligent manufacturing and industrial upgrading.

BOC International (China) Co., Ltd. serves as the sponsor and lead underwriter for this offering, which is expected to bolster Haers' core competitiveness in the global market.