Chinese tech firm Lens Technology plans Hong Kong listing to strengthen global expansion, market competitiveness

Shanghai (Gasgoo)- On March 12, Lens Technology Group ("Lens") announced its plans to issue H-shares outside the Chinese Mainland and seek a public listing on the Main Board of the Stock Exchange of Hong Kong Limited ("SEHK"). The move aims to enhance the company's global footprint, elevate its international brand image, and boost overall competitiveness.

Currently, Lens is in discussions with relevant intermediaries regarding the offering, and while key resolutions have been approved by the board and supervisory committee, specific details of the listing are yet to be finalized.

The announcement comes shortly after Shanghai AgiBot Innovation Technology Co., Ltd. ("AgiBot") revealed on March 10 that its cumulative production of general-purpose embodied robots had surpassed 1,000 units. On March 14, AgiBot will also host an event in Zhuhai city to unveil its "1+4 AgiBot Qiyuan Model" along with the LingXi X2 embodied intelligent robot.

As a key supplier to AgiBot, Lens has played a significant role in the production and assembly of critical components for the LingXi X1 robot, including joint modules, DCU controllers, and robotic grippers.

Lens provides end-to-end, vertically integrated services for the humanoid robotics industry, covering everything from design to mass production. The company has also established dedicated teams to develop robotic joints, dexterous hands, torsos, head casings, and facial expression modules, collaborating with leading robotics firms in China and North America.

Regarding the intended use of the funds raised, Jiang Nan, President of Lens Technology's China region and Board Secretary, explained in an interview that the primary goal is to reinforce the company's platform capabilities:

(1) Expanding global operations: Lens has been investing in Vietnam since 2017, focusing on consumer electronics and new energy vehicle (NEV) components, with highly successful operations generating substantial profits. The fundraising will further enhance the company's global manufacturing footprint, particularly in Southeast Asia and North America, providing diversified solutions to international clients and supporting supply chain resilience.

(2) Broadening product offerings: Leveraging its accumulated expertise and R&D capabilities, Lens aims to strengthen its presence in emerging fields such as humanoid robotics and AI-driven smart devices. With the new funding, these initiatives are expected to deliver tangible results in the near future, further cementing Lens' strategic leadership.

(3) Advancing vertical integration and intelligent manufacturing: Vertical integration remains at the core of Lens' development strategy, driving cost efficiency and yield improvements. The company has already achieved remarkable progress in recent years, and by accelerating its international expansion, it aims to amplify these advantages on a global scale.