HONG KONG, July 8, 2026 /PRNewswire/ — EACON Group Co., Ltd. ("EACON", Stock Code: 07687.HK) has officially been listed on the Hong Kong Stock Exchange (HKEX), marking a significant milestone in the company's development and its next phase of global growth.
The Company raised approximately HK$2.3 billion through its initial public offering (IPO), achieving a market capitalisation of approximately HK$13.0 billion at listing. The offering attracted strong support from institutional investors, including cornerstone investors such as Zijin Mining, XCMG, Fidelity International, J.P. Morgan Asset Management, Barings, CDH and other leading global investment institutions.
Over the past eight years, EACON has grown from an emerging technology innovator into one of the world's leading autonomous haulage system (AHS) providers, supporting mining operations across China and Australia. As one of the world's leading international financial centres, Hong Kong also provides an important platform to support EACON's continued international expansion and long-term growth.
As the mining industry continues its transition toward intelligent operations, mining companies increasingly seek partners with proven technology, scalable deployment capability, and reliable long-term support. EACON's HKEX listing further strengthens the company's ability to accelerate innovation, grow its presence in key international markets, and deliver greater value to mining customers worldwide.
The Company intends to use the net proceeds from the IPO to support research and development, information technology development, international expansion and customer acquisition, talent development and organisational growth, strategic investments aligned with its long-term growth objectives, and general corporate purposes.
"EACON was founded on the belief that intelligent technologies can fundamentally improve the safety, efficiency, and sustainability of mining operations," said Wason Lan, Founder and CEO of EACON. "Today's listing reflects the trust of our customers, the dedication of our employees, and the continued support of our partners and investors. It also provides a strong foundation for the next stage of our global growth."
About EACON
EACON Mining Technology delivers the world's most deployed autonomous haulage system, with over 2,500 trucks automated, 120 million kilometres driven, and more than 30 mining projects across commodities including coal, iron ore, copper, gold, and zinc. Designed for interoperability, EACON's ORCASTRA® solution integrates seamlessly with any OEM platform or powertrain, whether new or existing. By combining 360° perception, a distributed architecture, and real-time optimised dispatching, the system enhances safety, improves productivity, and supports the mining industry's transition toward more intelligent and sustainable mining.
Media contact: evelynzhu@eacon.com
