UISEE Over 6777 Times Oversubscribed Patrons Acts as Joint Bookrunner and Joint Lead Manager

On the morning of May 20, 2026, Uisee Technology (Beijing) Co., Ltd. (hereinafter referred to as "UISEE"), stock code 1511.HK, officially commenced trading on the Main Board of the Stock Exchange of Hong Kong at an offer price of HKD 60.3 per share. The Hong Kong Public Offer was spectacularly oversubscribed by 6,777.29 times, while the International Placing achieved an oversubscription of 5.66 times.

Serving as the Joint Bookrunner and Joint Lead Manager in this offering, Patrons Financial Group leveraged its outstanding capital market service capabilities to help this leading L4 autonomous driving solutions provider in China successfully debut on the international capital stage.

Prior to this, UISEE formally launched its initial public offering from May 12 to May 15, 2026, receiving an enthusiastic response from investors. This fully demonstrated the market's high recognition of the company's "AI Driver" business model that empowers the real economy, as well as its all-scenario L4 autonomous driving technology.

According to the prospectus, UISEE intends to allocate the net proceeds from the offering in the following proportions:

• Approximately 46.7% will be used to continuously enhance research and development capabilities and provide solutions, further upgrading service capabilities by expanding the U-Drive® algorithm development team and scaling up cloud computing resources;

• Approximately 33.5% will be used for domestic and overseas business expansion and enhancing commercialization capabilities to improve international brand recognition and market penetration;

• Approximately 9.8% will be used for strategic investments, aiming to boost R&D competitiveness through acquisitions or capital injections;

• Approximately 10% will be allocated for working capital and general corporate purposes.

UISEE holds a distinct leading edge in the autonomous driving sector. According to the Frost & Sullivan report, based on 2024 revenues, the company firmly ranked first in the Greater China market for commercial vehicle L4 autonomous driving solutions in both airport and factory scenarios, capturing market shares of 90.5% and 31.7% respectively. 

As the world's only supplier providing large-scale commercial L4 solutions for airports, the autonomous fleet deployed by UISEE at Hong Kong International Airport has accumulated an operating mileage of over 3.5 million kilometers, demonstrating exceptional technical maturity and safety.

Throughout UISEE's journey toward the Hong Kong IPO market, the team at Patrons participated deeply as a Joint Bookrunner and Joint Lead Manager. Leveraging its profound insights into the hard tech and autonomous driving sectors as well as an extensive network of international investors, Patrons tailored a full-lifecycle listing service solution for the enterprise, effectively safeguarding the smooth issuance of this IPO project and assisting UISEE in embarking on a new chapter of brand internationalization.