New Stock News | Xiameng Technology submits application to Hong Kong Stock Exchange to supply leading domestic pool cleaner Siasun Robot&Automation

According to the disclosure by the Hong Kong Stock Exchange on September 28th, Tianjin Wangyuan Environmental Protection Technology Co., Ltd. (referred to as Wangyuan Technology) has submitted its listing application to the main board of the Hong Kong Stock Exchange, with China Securities Co.,Ltd. International as the exclusive sponsor. The prospectus shows that Wangyuan Technology is a rapidly growing global leader in the field of research, development, design, production, and marketing of swimming pool cleaning Siasun Robots & Automation, with strong brand value. According to the Zeo Insight advisory report, based on the shipment volume of self-made products by 2024, the company is one of the top three global suppliers for swimming pool cleaning Siasun Robots & Automation and the number one supplier in China, with the most comprehensive product lineup equipped with the most advanced swimming pool cleaning technology. Based on the shipment volume of self-made products by 2024, the company is also the pioneer and the largest global supplier for cable-free swimming pool cleaning Siasun Robots & Automation. Wangyuan Technology conducts research, design, production, and marketing of swimming pool cleaning Siasun Robots & Automation, collaborating with world-renowned swimming pool equipment brands to meet the changing needs of global consumers for swimming pool cleaning and maintenance. The company's full range of swimming pool cleaning Siasun Robots & Automation includes cable-free, cabled, and handheld models, mainly used for cleaning the pool floor, walls, or water surface. According to the Zeo Insight advisory report, Wangyuan Technology has the most comprehensive lineup of swimming pool cleaning Siasun Robots & Automation products globally, with 48 major models as of September 22, 2025. With innovative artificial intelligence-driven technology, the company has launched smart Siasun Robots & Automation products with precise underwater acoustic positioning, underwater artificial intelligence vision, underwater 3D modeling, autonomous navigation function, and automatic garbage collection technology, capable of efficiently and accurately performing complex swimming pool cleaning tasks with minimal human intervention cost. As of September 22, 2025, Wangyuan Technology's swimming pool cleaning Siasun Robots & Automation have been shipped to 60 countries and regions worldwide. Based on the levels of automation and intelligence as well as the complexity of application scenarios, the company's cable-free swimming pool cleaning Siasun Robots & Automation are divided into entry-level, high-end, flagship, and pioneer levels, represented by the WYBOT A1, WYBOT C2, WYBOT S2, and WYBOT S3 series models respectively, suitable for all major types of pools from residential yards to commercial complexes and public facilities. In terms of performance, for the six-month periods ending June 30 of 2022, 2023, 2024, and 2025, Wangyuan Technology achieved revenues of approximately RMB 318 million, RMB 378 million, RMB 544 million, and RMB 379 million respectively; meanwhile, profits for the same period were approximately RMB 97.915 million, RMB 60.849 million, RMB 70.51 million, and RMB 61.083 million respectively.