Hainan Drinda New Energy Technology Co., Ltd. (Ticker: 2865 HK), also known as Drinda, is a China-based specialized manufacturer of high-efficiency photovoltaic (PV) cells, focusing on N-type TOPCon technology. Drinda, already listed on the Shenzhen Stock Exchange (002865 CH), is pursuing a secondary H-share listing on the Hong Kong Stock Exchange (HKEX), expected to commence trading on May 8, 2025. The company is offering 63.43 million primary shares priced between HKD 20.40 and HKD 28.60 each. This offering aims to raise approximately HKD 1.81 billion (around $200 million USD). Drinda ranked first globally among specialized manufacturers for N-type TOPCon cell shipments in 2024. BOCI Asia, CCB International Capital, and CLSA are among the managers for the offering.