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Three-Circle Group

Chaozhou Three-Circle (Group) Co., Ltd. (Ticker: 6951 HK) is a Chinese electronic components company focused on electronic ceramic materials and components. The company researches, develops, manufactures and sells advanced ceramic products including ceramic ferrules, sleeves, substrates, capacitors, telecom components, electronic components and equipment components. Its products are used in end markets such as optical telecommunications, AI and data centers, consumer electronics, automotive electronics, semiconductor manufacturing and packaging, new energy and intelligent industrial control.

Chaozhou Three-Circle plans to list H shares on the Hong Kong Stock Exchange on July 9, 2026. According to the published terms, the company is offering 71.36 million primary shares at an expected IPO price of HKD 100.30 per share, targeting an offer size of approximately HKD 7.16 billion, or about US$913 million. The offering includes a 15% greenshoe facility of approximately 10.70 million additional shares.

The company is domiciled in China and has over 55 years of operating history. Its business model integrates upstream raw material formulation, ceramic process development, large-batch production and quality control across multiple domestic production bases and strategic overseas sites.

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