XJ ELECTRICS shareholders will transfer stocks from Phillip Securities to Futu Securities International Hong Kong, with a transfer market value of HKD 28.0402 million

According to the latest information from the Hong Kong Stock Exchange, on June 27, shareholders of XJ ELECTRICS transferred their shares from Phillip Securities to Futu Securities International Hong Kong, with a transfer market value of HKD 28.0402 million, accounting for 17.49%. On June 25, XJ ELECTRICS officially listed and began trading on the Hong Kong Stock Exchange. The company stated that this listing raised HKD 230 million, which will be used for investments in a factory in Thailand, automation and digital upgrades, and a new research and development center. From 2022 to 2024, XJ ELECTRICS' operating revenue is projected to be HKD 1.097 billion, HKD 1.188 billion, and HKD 1.502 billion, respectively; net profit is expected to be HKD 80 million, HKD 121 million, and HKD 140 million, respectively