UISEE Technologies lists on the Hong Kong Stock Exchange! Futu supports the company's IPO

On May 20, 2026, Yushi Technology (Beijing) Co., Ltd. (“Yushi Technology,” stock code: $UISEE TECH (01511.HK)$ ), a leading provider of Level 4 autonomous driving solutions, officially listed on the Main Board of the Hong Kong Stock Exchange, marking its entry into international capital markets and launching a new phase of growth.

In this global offering, Futu acted as joint bookrunners and joint lead managers, partnering with prominent institutions including CITIC Securities, Bank of Communications International, DBS, and China Galaxy International to form a strong underwriting syndicate. Leveraging its technology-driven trading platform and diversified investor ecosystem, Futu helped Uisee Technology precisely connect with global investors and solidify the liquidity foundation in the secondary market.

According to the prospectus, the IPO secured cornerstone investments from Xiong’an Autonomous Driving Co., Ltd., CYGG Holding Limited (a wholly owned subsidiary of 58 Group), and Starwin International, which collectively subscribed for approximately HK$261 million, representing 29.96% of the total global offering shares (assuming the over-allotment option is not exercised), reflecting investors’ confidence in the company’s long-term growth potential.

As the only company globally capable of providing large-scale commercial L4 autonomous driving solutions for airports, according to Frost & Sullivan data, UISEE Technology held a 90.5% market share in the Greater China airport segment for commercial L4 vehicles and a 31.7% share in industrial park scenarios in 2025—both ranking first in the industry. The company has deeply penetrated closed environments such as airports and industrial parks while expanding into diverse scenarios including ports, mines, and urban logistics, serving 35 Fortune China 500 and Fortune Global 500 companies. Its core technologies and commercialization capabilities have earned strong recognition from leading industry clients.

Financially, the company has sustained strong revenue growth from 2023 to 2025, with total revenue increasing from RMB 161 million to RMB 328 million, representing a compound annual growth rate exceeding 40%. Gross margin steadily rose to 51.1%, and adjusted net losses narrowed significantly, highlighting its resilient growth trajectory.

At the industry level, the global and Greater China markets for commercial L4 autonomous driving in closed environments are entering a period of rapid expansion. According to Frost & Sullivan, the Greater China market for L4 autonomous driving in closed scenarios reached RMB 5.8 billion in 2025 and is projected to grow to RMB 53.5 billion by 2030, representing a compound annual growth rate (CAGR) of 52.1% from 2026 to 2030. Globally, the market size stood at RMB 10.3 billion in 2025 and is expected to surpass RMB 110.1 billion by 2030, with a CAGR of 53.8% over the same period.

Regarding the use of proceeds, UISEE Technology will allocate the net proceeds from this IPO across four strategic priorities:

– 46.7% to continuously enhance R&D capabilities and solution offerings;

– 33.5% to expand domestic and international business operations and strengthen commercialization capabilities;

– 9.8% for strategic investments;

– 10.0% for working capital and general corporate purposes.

As a leading digital financial technology company, Futu, supported by an investor ecosystem of over 29.18 million and a comprehensive corporate service system, is able to provide companies with end-to-end services throughout the pre-IPO, IPO, and post-IPO phases. These include a one-stop ESOP option management solution, Hong Kong and US stock IPO distribution, investor relations (IR) and public relations (PR), financial public relations services, international placement, secondary trading services, and other core services.

As of Q4 2025, more than half of the top ten companies by Hong Kong IPO fundraising amounts have partnered with Futu. Nearly half of the Hong Kong IPO projects in Q4 involved cooperation with Futu. The total subscription amount for Hong Kong IPOs on Futu's platform reached HKD 3.5 trillion in Q4, firmly ranking first in the market. Its capabilities in US IPOs have gained attention, with all retail clients successfully allocated shares in popular new stocks such as Bullish, Figure, and Gemini.

As of Q4 2025, Futu's corporate services have reached 1,161 clients, providing IPO distribution and IR services to 600 enterprises. It has assisted 387 companies, including Meituan, Kuaishou, Xiaomi, Baidu, KE Holdings, JD Health, and Bilibili, in successfully listing in Hong Kong and the United States. Futu has cumulatively signed contracts with 830 ESOP clients, and a total of 1,300 listed companies are now hosted on the Futu platform.

In the future, Futu will fully leverage its resources and market influence to provide more professional and efficient services to a larger customer base!

*Securities-related businesses such as IPO distribution are provided by licensed subsidiaries under Futu.

*Data source: Market cap as of the first day of listing

*Data source: Futu Q4 2025 earnings

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