On November 28, 2025, the new H-share placement of Dongfang Electric Corporation Limited (600875.SH/01072.HK, "Dongfang Electric") completed the filing with the China Securities Regulatory Commission (CSRC). According to the previously issued "Announcement on Completion of Placement of New H Shares under General Mandate," Dongfang Electric successfully placed 68,000,000 H-shares at a placement price of HK$15.92 per share, raising approximately HK$1.083 billion. Llinks acted as the PRC legal counsel for CITIC CLSA Securities Limited, the sole overall coordinator and sole placing agent for this project, successfully assisting Dongfang Electric with the new H-share placement.
This new H-share placement marks Dongfang Electric's first financing in the Hong Kong stock market since its listing in 1994. It is also the first market-based placement project conducted by an A+H state-owned enterprise (SOE) listed company in Hong Kong in nearly five years, making it a significant milestone.
Dongfang Electric is an A+H listed company in the high-end energy equipment industry. It provides global energy operators and other users with various energy, environmental protection, chemical products, system integration, and logistics services. As one of the world's largest power generation equipment suppliers and power plant engineering general contractors, Dongfang Electric's products and services span nearly 90 countries and regions, giving it strong competitiveness and influence in the energy equipment sector. This new H-share placement will further enhance Dongfang Electric's capital strength, enable the company achieve healthier, more sustainable, and higher-quality development, and lay a solid foundation for building a world-class power equipment enterprise with global competitiveness.
