RelyEZ Energy Storage Technology（远信储能）began trading on the Hong Kong Stock Exchange on November 9 after raising approximately HKD 501.7 million in net proceeds. The company plans to allocate 25% of the proceeds to expanding its overseas business.
The Shenzhen-based energy storage provider offered 57.54 million H shares at HKD 9.78 each. The Hong Kong public offering was subscribed 1,388.75 times, while the international offering was subscribed 1.3 times. Shares trade under the code 09621.
RelyEZ supplies integrated energy storage systems, software platforms and services for utility-scale and commercial projects. According to its listing materials, the company also plans to use 45% of net proceeds for technology and product development, 20% for its Wuzhen factory and related equipment, and 10% for working capital and general corporate purposes.
Overseas revenue reached approximately CNY 125 million in the first four months of 2026, accounting for 44.6% of total revenue during the period. The company’s overseas projects include developments in Europe and other regions.
The Hong Kong listing gives RelyEZ an additional financing channel as it expands internationally. Its overseas business will depend on project delivery, local service capacity and the pace of customer demand across different markets.
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