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To-be Listed
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
VOYAH Automotive
07489.HK
Automobile Manufacturers N/A 1,000 N/A N/A Not applicable 2026/03/19
Delton Technology
01989.HK
Printed Circuit Boards N/A 100 7,260.49 2026/03/17 2026/03/19 2026/03/20
Nsing Technologies
02701.HK
Printed Circuit Boards N/A 200 2,181.78 2026/03/18 2026/03/20 2026/03/23
FS.COM
03355.HK
IT Consulting & Other Services 35.2-41.6 100 4,201.96 2026/03/18 2026/03/20 2026/03/23
Summary
Who We Are

We primarily develop, manufacture and sell customized printed circuit boards (“PCBs”) for high performance servers and other computing applications. High performance servers undertake core computing tasks and are specifically designed for compute-intensive tasks, with their core function being the efficient processing of large-scale data, complex algorithms, and compute-intensive operations. PCBs, providing a physical mounting platform for components and enabling mechanical fixation and electrical connectivity between components through conductive traces and solder pads, serve as a critical component of electronics manufacturing. For further details, see “Industry Overview — Overview of Printed Circuit Board Industry.”

According to Frost & Sullivan, we ranked third among high performance server PCB manufacturers globally, and ranked first among high performance server PCB manufacturers headquartered in the Chinese Mainland based on the cumulative revenue from high performance server PCBs from 2022 to 2024. In 2022, 2023, 2024, and the nine months ended September 30, 2024 and 2025, our revenue from computing application PCBs (mainly for high performance servers, including AI servers and general-purpose servers) amounted to RMB1,635.3 million, RMB1,858.2 million, RMB2,705.6 million, RMB1,961.7 million and RMB2,833.2 million, representing 67.8%, 69.4%, 72.5%, 73.2% and 73.9% of our total revenue in the same period, respectively.

Our Market Opportunities

According to Frost & Sullivan, the global demand for comprehensive electronic devices continues to rise, driven by the growing adoption of AI and the expansion of datacenters, Internet of Vehicles, robotics, and Internet of Things (“IoT”) applications. As critical components in electronic products, PCBs have substantial growth opportunities. Such market growth is primarily driven by the following factors: (i) growing global demand for computing power drives the market of computing application PCBs, (ii) development in industrial control and automotive electronics steadily increases demand for industrial application PCBs, and (iii) upgrade and continual innovation in consumer electronics support stable growth for consumer application PCBs. For details, see “Business — Overview — Our Market Opportunities.”

OUR PRODUCTS

We provide (i) computing application PCBs, (ii) industrial application PCBs, and (iii) consumer application PCBs.

Source: Delton Technology (01989) Prospectus (IPO Date : 2026/03/12)
Listing Market MAIN
Industry Printed Circuit Boards
Background H Shares
Major Business Area China
Corporate Information
Substantial Shareholders Xiao Hongxing (Total share: 48.43%)
Zeng Hong (Total share: 9.15%)
Directors Xiao Hongxing (Chairman and Executive Director)
Zeng Hong (General Manager and Executive Director)
Peng Jinghui (Executive Director)
Liu Jinchan (Non-Executive Director)
Chen Limei (Independent Non-Executive Director)
Li Ying (Independent Non-Executive Director)
Shi Ling (Independent Non-Executive Director)
Company Secretary Kwan Sau In
Zeng Yangqing
Principal Bankers HSBC Bank (China) Company Limited
China Merchants Bank Co., Ltd.
Solicitors Paul Hastings (Hong Kong) LLP
Allbright Law Offices
Auditors Ernst & Young
Registered Office Room 1928, 19/F., Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong
Share Registrars Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No (852) 2980-1333
Internet Address http://www.delton.com.cn
Email Address
Tel No (86 020) 8221-1188
Fax No
 
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