Copper foil is a key material and component used extensively in batteries, copper clad laminate (CCL) and PCB applications. The company was the world's largest supplier of lithium-ion battery ("LiB") copper foil in terms of sales volume in 2025. As a leader in the global electrolytic copper foil market, Londian Wason has established a high-quality and diversified global customer base, serving top global manufacturers for batteries, CCL and PCB. Including LG Energy Solution, CATL, SK On, Samsung SDI, ATL, and Panasonic Industrial Materials.

Londian Wason is a manufacturer with a full-stack product coverage to different applications, including ultra-thin battery copper foil and PCB foil ranging from HTE to HVLP specifications.

Londian Wason is the only copper foil manufacturer in the world that chose to go public in the US.

Mr. WANG Guanran, Chairman and Co-Chief Executive Officer of Londian Wason: "As an industry leader, we have consistently driven the evolution of products and solutions in the copper foil industry. With the successful IPO, we look forward to continuing to advance our strategy to scale-up our key product range with our ultra-thin and high tensile performance battery foil product ranges, as well as our VLP, RTF and HVLP copper foil solutions for high-end CCL and PCB customers."

"Our listing on the NYSE is a key milestone for us. We are also extremely proud to have the ability to present ourselves to the market, a global industry leader that has its origins from China, working with strong South Korean and Japanese shareholders and clients, and launching ourselves to the global capital markets space."

Harvest Global Capital Investments Limited, Hithium Global Pte. Ltd., are cornerstone investors in Londian Wason's IPO. The net proceeds from this IPO will be primarily used for investing in global production expansion and upgrades, research and development of advanced technologies, efficient manufacturing processes, broader product portfolios and applications, and general corporate purposes.

For the three months ended March 31, 2026, the Company recorded total revenue of RMB 4.07 billion (equivalent to US$582.4 million), representing a year-over-year surge of approximately 113.71%. The Company also swung from a net loss in the corresponding period of last year to a net profit of RMB 134.5 million (US$19.2 million) during the reporting quarter, marking a notable turnaround in profitability.

All of the ADSs are being offered by Londian Wason. The net proceeds from the offering, after deducting underwriting discounts and commissions and other offering expenses payable by the Company, are expected to be approximately $87.0 million, excluding any exercise of the underwriters' option to purchase additional ADSs.

The ADSs are expected to begin trading on the New York Stock Exchange (NYSE) on August 12, 2026, under the ticker symbol "FOIL". The offering is expected to close on August 13, 2026, subject to the satisfaction of customary closing conditions.

Londian Wason currently intends to use the net proceeds from this offering primarily to fund global production expansion and facility upgrades, research and development of advanced technologies, improvements in manufacturing efficiency, expansion of its product portfolio and applications, and general corporate purposes.

Cantor is acting as lead book-running manager for the offering. Huatai Securities, CMB International, and US Tiger Securities are acting as joint book-running managers. Fortune Securities, VC Brokerage, and BOCOM International are acting as co-managers.

Registration statements relating to these securities became effective by the Securities and Exchange Commission on August 11, 2026. The offering is being made only by means of a prospectus. A copy of the final prospectus may be obtained, when available, from: Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022 or by email to prospectus@cantor.com. Copies may also be obtained, when available, by visiting EDGAR on the SEC's website at www.sec.gov.

About Londian Wason

According to Frost&Sullivan, Londian Wason was the world's largest supplier of lithium-ion battery ("LiB") copper foil in terms of sales volume in 2025, holding a global market share of 7.6%. In 2025, the Company supplied approximately 111,985 metric tons of LiB copper foil, maintaining the world's largest annual sales volume. As an industry leader in the global electrolytic copper foil market, Londian Wason has established a high-quality and diversified global customer base, serving top global battery and electronic circuit manufacturers such as LG Energy Solution, Panasonic Industrial Materials, SK On, Samsung SDI, ATL, CATL, BYD, and Sunwoda.

Londian Wason was the first copper foil manufacturer in China to successfully develop 6µm high-strength LiB copper foil and the first in the world to achieve mass production of 6µm copper foil. It is also the first in China to successfully develop ultra-thin 4µm LiB copper foil and the first in the world capable of mass-producing high-tensile strength 4µm LiB copper foil. Londian Wason possesses the world's largest designed capacity: as of December 31, 2025, the Company operated six electrolytic copper foil manufacturing sites with the largest global electrolytic copper foil designed annual capacity of approximately 180,500 metric tons.

In FY2025, the Company's revenue reached RMB10.942 billion (approximately US$1.565 billion), representing significant growth from RMB8.762 billion in FY2024. Net income for FY2025 reached RMB20.315 million (approximately US$2.905 million), while Adjusted EBITDA reached RMB868.851 million (approximately US$124.244 million). In terms of R&D, as of December 31, 2025, the Company had a dedicated R&D team of 428 professionals, holding 634 registered patents and 168 pending patent applications in China. It also employs approximately 728 core manufacturing personnel with an average of over 10 years of industry experience.