New Vision Launches IPO Patrons Acts as Joint Bookrunner Joint Lead Manager and Capital Market Intermediaries

Jiangsu New Vision Automotive Electronics Co., Ltd. ("New Vision" or the "Company"; Stock code: 2632.HK) officially launched its public offering today, which will run from March 16 to March 19, 2026. Patrons serves as the Joint Bookrunner, Joint Lead Manager and Capital Market Intermediaries for this IPO project.

According to Patrons, the IPO plans to offer approximately 16.23 million H-shares globally. The indicative offer price range is set at HK$42.00 to HK$48.00 per share, aiming to raise estimated net proceeds of approximately HK$779 million. The Company is expected to officially list and commence trading on the Main Board of the Stock Exchange of Hong Kong (HKEX) on March 24, 2026.

As disclosed in the prospectus, New Vision is a leading domestic provider of in-vehicle visual solutions, specializing in the research, development, and commercialization of intelligent cabin Head-Up Display (HUD) systems and related visual interactive technologies. By delivering highly integrated software and hardware solutions, the Company continuously enhances driving safety and reshapes the interactive experience of intelligent cabins.

New Vision's three core business segments include:

• Windshield HUD (W-HUD) Solutions: Featuring the flagship CyberLens series, which utilizes precision optical projection technology to virtually display driving information onto the windshield. This product line has already achieved large-scale mass production.

• Augmented Reality HUD (AR-HUD) Solutions: Featuring the flagship CyberVision, which combines advanced AR algorithms with navigation and Advanced Driver 

• Assistance Systems (ADAS) information to deliver dynamic guiding visual effects that seamlessly blend virtual elements with physical reality. Innovative Visual and Testing Solutions: Providing an R&D framework that covers optical imaging, precision mechanics, and electronic algorithms to support the development of highly customized cabin visual products and automated testing services.

The Company has built an integrated, full-process, proprietary technology architecture that encompasses optical design, mechanical engineering, electronic design, software algorithms, and Human-Machine Interface (HMI) capabilities. By deeply embedding optical technology into driving scenarios, New Vision has forged an industry-leading core competitiveness.

As a pioneer in the domestic HUD sector, New Vision has established a formidable leading edge. Based on 2024 sales volumes, the Company ranks second among HUD suppliers in China, commanding a 16.2% market share.

 Leveraging its core optical technologies and algorithmic advantages, New Vision has forged deep partnerships with 18 automotive Original Equipment Manufacturers (OEMs) and secured nominations for 101 vehicle models. Its partners include mainstream automakers such as NIO, Geely, FAW, SAIC, and BYD. Notably, the NIO ES8, equipped with New Vision's CyberLens solution, has earned high market recognition and a stellar reputation. Additionally, Shunwei Capital, backed by Lei Jun, is a key shareholder, further underscoring the broader industry's endorsement of New Vision's technical prowess.

In New Vision's IPO, Patrons is deeply participating as the Joint Bookrunner, Joint Lead Manager and Capital Market Intermediaries. Relying on its profound insights into automotive technology and smart manufacturing, combined with its proven track record in capital market services and a globalized resource network, Patrons is providing critical support to ensure the smooth execution of this IPO.

If there is any inconsistency or ambiguity between these two versions, the Chinese version shall prevail.