HONG KONG, June 29, 2026 /PRNewswire/ -- EACON Group Co., Ltd. launched the global offering of its H-shares today, marking the official start of its Hong Kong listing process. EACON plans to offer 26,132,000 shares globally, targeting gross proceeds of approximately HK$2.12 billion to HK$2.30 billion. Eleven institutional investors — Zijin Mining, XCMG, Fidelity International, J.P. Morgan Asset Management (Asia Pacific) Limited, Barings, Indus Funds, Jain Global, REGAL, GF Funds, CDH, and Seven Grand — have committed capital as cornerstone investors, taking total cornerstone subscriptions to the regulatory cap of approximately 50% of the offering. EACON is a technology company focused on autonomous driving for mining operations, having built a full-stack L4 autonomous driving system. According to the prospectus, EACON has completed 11 financing rounds since its founding, raising a cumulative RMB 2.059 billion from investors including Zijin Mining and CATL. Zijin Mining first recognized the value of EACON's technology in 2021, leading the company's Series B1 round, and added more than RMB 300 million alongside other institutions in 2024. Ahead of EACON's listing application, CATL invested over RMB 400 million to co-lead its Series D round.