Haowei Group (00501) offered shares from December 31 to January 7 and was subscribed by Cornerstone Investment for approximately US$279 million

According to the Zhitong Finance App, Haowei Group (00501) will raise shares from December 31, 2025 to January 7, 2026. The company plans to sell 45.8 million H shares globally, of which Hong Kong sales account for 10%, international sales account for 90%, and overallocation rights of 15%. The sale price of each share is HK$104.8. H shares will be traded on the main board of the Stock Exchange in units of 100 H shares per lot. It is expected that H shares will begin trading on the Stock Exchange at 9:00 a.m. on January 12, 2026 (Monday).

We are a global Fabless semiconductor design company, and CMOS image sensors (CIS) are our main products. We are known for our proprietary technology, diverse product and solution portfolio, flexible Fabless business model, and extensive customer network and supply chain ecosystem.

Currently, we are mainly engaged in three major business lines: image sensor solutions, display solutions, and simulation solutions. We are also continuing to expand the range and coverage of our products and solutions to serve high-growth industries such as smartphones, automobiles, healthcare, security and emerging markets (machine vision, smart glasses, and end-side AI). Our comprehensive line of business and strong design capabilities enable us to design, develop, and sell a variety of highly integrated semiconductor solutions designed for mission-critical applications, which are widely used in a variety of key industries.

In particular, it is worth mentioning that according to Frost & Sullivan, we are the third-largest digital image sensor supplier in the world in terms of 2024 image sensor solution revenue, with a market share of 13.7%. Our technical expertise and ability to provide reliable services helped us build brand awareness and secure global market recognition.

Our revenue increased 4.7% from RMB 20 billion in 2022 to RMB 21 billion in 2023, and increased 22.5% to RMB 25.7 billion in 2024. Our revenue increased 15.3% from RMB 12.1 billion for the six months ended June 30, 2024 to RMB 13.9 billion for the six months ended June 30, 2025.

We have partnered with cornerstone investors Wildlife Willow Limited, UBS AM Singapore, FOL, Huaqin Communications Hong Kong Limited (Huaqin Communications), Tianjin Trading Co., Ltd. (PST), JSC International Investment Fund SPC, Ghisallo Fund Master Ltd (Ghisallo), Da Life Insurance and China Post Wealth Management Co., Ltd. (China Post Wealth Management) entered into a Cornerstone Investment Agreement. The Cornerstone investors have agreed to subscribe at the sale price or induce their designated entities to subscribe for a total amount of approximately US$279 million to purchase, subject to certain conditions.

We believe that Cornerstone Placement shows that our Cornerstone investors have full confidence in the Company and its business prospects, and that Cornerstone Placement will help raise the company's popularity. In the course of its daily operations, the Company meets various cornerstone investors through the Group's business network or through the introduction of the Company's business partners or the overall coordinator of global sales.

Assuming a maximum offering price of HK$10.480 per H share and that the over-allotment rights are not exercised, we estimate that we will receive approximately HK$4.693 billion in net proceeds from the global offering. Of this, approximately 70% will be invested in R&D of key technologies over the next 5 to 10 years to ensure our continued leading position in advanced sensing technology, advanced display technology and simulation solutions; about 10% will be used to strengthen global market penetration and business expansion in the next 5 to 10 years; approximately 10% will be used for strategic investments and/or acquisitions, focusing on investment and acquisition opportunities that can create synergies with our existing product portfolio, enhance our design capabilities, process technology and supply chain capabilities, and support horizontal expansion into emerging fields (such as action cameras and robots in China, Japan and South Korea); approximately 10% will be used for working capital and general corporate purposes.