Slaughter and May advised on the Hong Kong IPO of NASN Intelligent Tech (Zhejiang) Co., Ltd.

Slaughter and May, Hong Kong and Beijing, are pleased to have advised the joint sponsors, overall coordinators and joint global coordinators on the global offering and listing of NASN Intelligent Tech (Zhejiang) Co., Ltd. (“NASN”) on the Main Board of the Hong Kong Stock Exchange. The offering raised approximately HK$600mn (approximately US$76.5mn) immediately following the completion of the global offering (prior to the exercise of the over-allotment option).

Haitong International Capital Limited and BOCI Asia Limited are the joint sponsors in the listing.

NASN develops intelligent driving motion control technologies, and currently offers brake-by-wire solutions. It is one of the few Chinese companies with full-stack in-house chassis technologies covering control algorithms, software and hardware architecture. NASN is the second-largest domestic independent third-party brake-by-wire solution provider and among the top three domestic brake-by-wire solution providers in terms of brake-by-wire solution sales volume in China in 2025.

The retail tranche of the global offering was over-subscribed by more than 2,500 times. Trading in NASN’s shares commenced on the Hong Kong Stock Exchange on 7 August 2026.

Benita Yu, Senior Partner at Slaughter and May, Hong Kong, commented: “We are delighted to have acted on another tech deal, this time in the automotive industry. NASN plays an important role in the automotive sector’s continuing technological development, and we are grateful to NASN and the sponsors, Haitong and BOCI, to have involved us in this meaningful project.”