ECOVACS Robotics Co., Ltd. (ECOVACS, the “Company”), completed its A-share IPO on May 28, 2018, which is the first ‘Robo’ IPO in Chinese Mainland. A total of 40.1 MM shares were issued at RMB 20.02 per share in this offering. The proceeds reached RMB 803 MM. CICC acted as the Sole Sponsor and Sole Lead Underwriter in the transaction.

As one of the world’s leading manufacturers of home service robots, ECOVACS has seen transformations from OEM to independent R&D, from small home appliances to robots, and from traditional robots to artificial intelligence robots since its establishment 20 years ago. A complete product line of home service robots including floor-cleaning robots (DEEBOT), window-cleaning robots (WINBOT), air-purifier robots (ATMOBOT) and home monitoring robots (UNIBOT), and a product line of various vacuum cleansers have formed. The successful transformation from “Made in China” to “Intelligent Manufacturing in China” has provided a new intelligent lifestyle with the role of service robots shifted from “tools” to “home monitor” and to “home companion”. As the leader in domestic home service robots, ECOVACS registered a revenue of RMB 4.551 Bn and a net profit of RMB 375 MM. DEEBOT leads the industry with a share of nearly 50 in domestic market and ranks No.1 in sales of small appliances on the November 11 Single’s Day shopping event for consecutive years. Currently, ECOVACS has established sales networks in more than 60 countries and regions in the world. In 2018, it ranked among Brand Z’s Top 50 Chinese Global Brand Builders, presenting the new image of “Intelligent Manufacturing in China” to the world.

As the Sole Sponsor and Sole Lead Underwriter, CICC is highly recognized by the client with professional investment banking service, in-depth understanding of service robots’ industry and positive communication with regulators. The CICC’s team has worked closely with the client for two years to achieve regularized operation, tutorship, IPO filing, reply to regulatory comments, the Public Offering Committee process and final listing. Along with that, CICC witnessed the Company’s rapid development and growth, establishing a long-term and deep relationship of trust with the client.

Facilitating ECOVACS to be listed on the capital market reflects CICC’s another solid step in serving TMT and high-end manufacturing enterprises. As a leading investment bank with “China Roots and International Reach”, CICC will continue to utilize its full-spectrum capital market experience to make contributions to “Made in China 2025” plan.