On December 18, 2023, REPT BATTERO Energy Co., Ltd. (“REPT BATTERO”) (stock code: 0666.HK) successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited (the “HKEx”) and global offering. The global offering consisted of more than 116 million shares valued at the offer price of HK$18.30 per share for a total offering of approximately HK$2.12 billion, valuing REPT BATTERO at over HK$40.00 billion after the global offering. Fangda Partners acted as the PRC legal advisor of REPT BATTERO.

REPT BATTERO is a lithium-ion battery manufacturer in China, focusing on the R&D, manufacturing and sales of lithium-ion EV battery products and ESS battery products. In 2022 and the six months ended June 30, 2023, REPT BATTERO had a 8.8% and 5.7% market share, ranking third and fourth, respectively, among lithium-ion battery manufacturers globally in terms of global ESS battery installation.

Fangda Partners provided one-stop comprehensive legal services for the global offering of REPT BATTERO. The Fangda team was led by partnersAaron Chen and Jie Chen, and other primary members of the team comprised Cheng Wu and Alison Zhu.