PR90318

TIANJIN, China, June 26, 2021 /PRNewswire=KYODO JBN/ --

On June 15, Aima Technology (SHA:603529), a leading Chinese e-bike

manufacturer, announced its Initial Public Offering (IPO) on the Shanghai Stock

Exchange (SSE). The value of the firm's share rose to the exchange's maximum

allowed daily limit on the first day of trading.

Aima's listing on China's A-share market further cements the company's role as

an industry leader and provides it with strong financial support to accelerate

its transformation. The company is also expected to have an immeasurable impact

on the electric two-wheeler industry worldwide, further enhancing the firm's

global market leadership.

Aima accelerates its end-to-end transformation with the funds raised

The 1.681 billion yuan (approx. $US 259.7 million) in funds raised will mainly

be used in capacity expansion, technology R&D, intelligent manufacturing and to

build out its sales network.

Aima's immense investment in technology R&D is the biggest eye-catcher. As of

December 31, 2020, Aima held 923 Chinese patents (11 invention, 218 utility and

694 design), in addition to 37 registered copyrights. Of the funds raised, 101

million yuan (approx. $US 15.6 million) has been earmarked for the construction

of its research center, which will house under one roof facilities for the

industrial design of electric bicycles, design of key parts, clay modeling, 3D

digital modeling and research on their overall performance, serving as an

important driving force for Aima during a period that is witnessing impactful

change across the sector.

Aima goes public amid a trade-in craze that is set to reshape the industry

Aima has set its sales target for 2021 at an unprecedented 16 million units,

with the next three months budgeted at an even more ambitious 6 million

vehicles. With the support from the capital market, Aima plans to further

expand capacity, and beef up its manufacturing and channel advantages while

increasing market share.

Going public provides Aima even more of a competitive edge over its rivals,

with the expectation that it will ultimately reshape the entire industry.

Going public accelerates Aima's growth in the green economy worldwide

The listing paves the way to make Aima a household name and brings more

attention to the electric two-wheeler industry, especially against the backdrop

of the low-carbon economy globally. Many countries have already begun to

increase their efforts in building their own medium- and short-distance

mobility sectors with the most attention being given to electric bikes,

forewarning that market competition will soon reach a level of fierceness

beyond anything that can be imagined today. Embarking on its international

expansion very early in the game, Aima will take its listing as an opportunity

to further accelerate its growth worldwide.

For Aima, going public is not an end, but a testament to its unremitting

efforts of the past 20 years and a starting point for its next stage of growth.

Aima, with innovation in technology as the key driver, is expected to lead a

brighter future for the Chinese electric two-wheeler industry, with support

from the capital market.

About Aima Technology

Founded in 1999, Aima Technology Group is committed to becoming the world

leader in personal transportation fueled by renewable energy sources. The

company has succeeded in maintaining its healthy growth through the creation

and implementation of a consumer-centric innovative system. Following more than

a decade of development, it has become the largest manufacturer of e-bikes in

China. For more information, please visit Aima's official website (

https://www.aimatech.com/ ).

Source: AIMA Technology

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=394727

   Caption: Aima Technology Goes Public on Shanghai Stock Exchange, Joining A-shares Market.