phatcatsmegaways| Gekrypton officially landed on the New York Stock Exchange: priced at US$21/ADS

On the evening of May 10, Beijing timePhatcatsmegawaysPolar Krypton Intelligent Technology Holdings Co., Ltd. (hereinafter referred to as "Polar Krypton") is officially listed on the New York Stock Exchange under the symbol "ZK". As a result of being oversubscribed, Polar Krypton expanded the size of IPO, issuing a total of 21 million American depositary shares (ADS, 10 common shares per ADS) at a price of $21 per share, raising about 4%.Phatcatsmegaways41 billion US dollars, if the underwriter exercises its over-allotment right, the offering size will be further expanded to 24.15 million ADS shares, raising about 507 million US dollars.

As the luxury intelligent pure electric brand of Geely Holdings Group, Polar Krypton broke the record of the fastest listing in the history of new energy vehicles, only 37 months after the brand was launched on April 15, 2021 to the successful IPO. In 2023, the operating income of polar krypton is 51.7 billion yuan, and the gross profit margin of the whole vehicle is 15%. By the end of April 2024, more than 240000 vehicles have been delivered. From January to April this year, polar krypton more than doubled, with a year-on-year increase of 111%, and continued to rank first in sales of more than 200000 Chinese pure electricity brands. As the most valuable theme of China's new energy (600617), the successful listing of polar krypton in the United States will help the capital market to reevaluate the global value of China's new energy vehicles.

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