(1) CATL intends to issue overseas listed foreign shares (H shares) and apply for listing on the main board of the Hong Kong Stock Exchange;

(2) The company stated that the H-share listing is to further promote "the company's global strategic layout and create an international capital operation platform".

In the face of thousands of announcements of listed companies every day, what should I read? What is the point of the announcement of major events, which is often dozens of pages and hundreds of pages? There are a bunch of professional terms in the announcement, I don't know if it's good or bad? Please take a look at the "Speed Reading Announcement" column of the News Department of the Financial Associated Press, and our reporters stationed all over the country will bring you accurate, fast and professional interpretation on the night of the announcement.

Finance Associated Press, December 27 (Reporter Zeng Chuchu) CATL (300750.SZ) announced late yesterday night that it planned to issue overseas listed foreign shares (H shares) shares, once again emphasizing the "global strategic layout".

According to the announcement, in order to further promote the company's global strategic layout, build an international capital operation platform, and improve its comprehensive competitiveness, the company plans to issue overseas listed foreign shares (H shares) and apply for listing on the main board of The Stock Exchange of Hong Kong Limited (hereinafter referred to as the "Hong Kong Stock Exchange").

On the same day, it was announced that the board of directors of CATL decided to convene the first extraordinary general meeting of shareholders in 2025 on the 17th of next month, and the deliberations included the "Proposal on the Company's Issuance of H Shares and Listing on the Stock Exchange of Hong Kong Limited".

Last week, media reported that CATL is considering a secondary listing in Hong Kong, which could raise at least US$5 billion (about 36.5 billion yuan), or become the largest listing deal in Hong Kong since early 2021. According to people familiar with the matter, CATL is in communication with potential advisers and could go public in the first half of 2025 at the earliest. If the financing size is US$5 billion, it may surpass the US$4.6 billion IPO of Midea Group in September, making it the largest Hong Kong stock offering since Kuaishou Technology raised US$6.2 billion in early 2021. CATL did not respond to this.

As of the third quarterly report, just looking at the monetary funds, CATL still has 264.68 billion yuan lying on the account, and on December 10 this year, CATL also released a special dividend plan for 2024, taking out 5.4 billion yuan for dividends.

In March this year, Zeng Yuqun, chairman of CATL, said in an interview with the media that although CATL does have plans for a secondary listing, the company's current cash flow is healthy, and CATL will not rush to raise more funds immediately or dilute the equity of existing shareholders.

The mention of "globalization strategy" in the announcement further confirms Zeng Yuqun's internal statement at the beginning of the year, "Whoever goes overseas is the hero of CATL".

Recently, after investing in Germany and Hungary, CATL has made a big move to build factories in Europe, joining hands with car manufacturer Stellantis to invest more than 4 billion euros to build a power battery plant in Spain. CATL said that the project aims to deepen the company's long-term strategic partnership with Stellantis, the world's leading automaker, in the field of new energy vehicles, and promote global electrification and clean energy transition by leveraging the leading advantages and resources of both parties in their respective fields.

Since the beginning of this year, the pace of the lithium battery industry chain going to sea can be described as 002074 rapid. SZ), Ganfeng Lithium (002460. SZ), Sunwoda (300207. SZ), EVE (300014. SZ), Engjie shares (002812. SZ), polyfluorinated polyfluoride (002407. SZ) and other enterprises have indicated that they plan to build factories with overseas direct investment. Ronbay Technology(688005. Bai Houshan, chairman of the company, recently said, "Only by building a globalized and systematic company can we finally get rid of involution." "Collection

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