Londian Wason New Energy Tech Inc. Listed Primary

What the company does

LONDIAN WASON NEW ENERGY TECH INC. is a Cayman Islands holding company that conducts business operations primarily through subsidiaries in China. The company is a leading global innovation-driven researcher, developer, and manufacturer of electrolytic copper foil, and according to the Frost & Sullivan Report, was the world's largest supplier of copper foil for lithium-ion batteries by sales volume in 2025, with a global market share of 7.6%. The company primarily offers LiB copper foil and PCB-grade copper foil, and to a lesser extent FCCLs, supplying major LiB and electronic circuit manufacturers such as LG Energy Solution, Panasonic Industrial Materials, SK On, Samsung SDI, ATL, CATL, BYD, and Sunwoda.

Use of proceeds

The company expects to receive net proceeds of approximately US$77.0 million from the offering (or approximately US$90.2 million if the over-allotment option is exercised in full). It intends to use the net proceeds, together with existing cash and cash equivalents, for (i) investment in global production expansion and upgrade, (ii) research and development on advanced technologies, efficient manufacturing processes and broader product portfolio and applications, and (iii) general corporate purposes.

Underwriters

The completed effective-prospectus read stated no underwriters.

Extracted from 424B4 0001193125-26-351136, filed Aug 14, 2026 and verified against that filing text.

Key risk factors

• HFCAA delisting risk

  “Trading in our securities on U.S. markets, including the NYSE, may be prohibited under the Holding Foreign Companies Accountable Act, or the HFCAA, if the Public Company Accounting Oversight Board, or the PCAOB, determines that it is unable to inspect or investigate completely our auditor for two consecutive years.”