On 9 March 2020 morning, Shenzhen Stock Exchange announced the newly eligible share list for Shenzhen-Hong Kong Connect (“SZHK Stock Connect”), which included 22 new eligible shares. Impro Precision Industries Limited (“Impro Precision”, stock code: 1286), a global top 10 manufacturer of high-precision, high-complexity and mission-critical casting and machined components, was included as a constituent stock of SZHK Stock Connect effective from 9 March 2020 according to the prevailing Shenzhen Stock Exchange’s SZHK Stock Connect eligible stocks selection requirement. It is another milestone of the Company subsequent to its successful inclusion as a constituent stock of the Hang Seng Composite Index on 21 February 2020.
Shenzhen-Hong Kong Stock Connect is a mutual stock market access mechanism between the Mainland and Hong Kong under which Shenzhen Stock Exchange (SZSE) and the Stock Exchange of Hong Kong Limited (SEHK) have established technical connectivity to enable investors in the Mainland and Hong Kong to trade eligible shares listed on the other’s market through their local securities companies or brokers. SHENZHEN-HONG KONG CONNECT currently includes 479 companies listed on the Main Board of the Stock Exchange of Hong Kong.
About Impro Precision Industries Limited
Impro Precision Industries Limited, was founded in 1998 in Wuxi City and its global headquarters was moved to Hong Kong in 2011. The Group is a global top 10 manufacturer of high-precision, high-complexity and mission-critical casting and machined components for diverse end-markets. According to the Roland Berger Report, the Group was the world’s 7th largest independent and China’s largest investment casting manufacturer and also the world’s 4th largest precision machining company in the end-markets of automotive, aerospace and hydraulics, each in terms of total revenue in 2018. The Group was also one of the few domestic suppliers offering one-stop solutions, including initial research and development, tooling design and manufacturing, casting, heat treatment, secondary machining and surface treatment. Impro Precision has established global footprint of 15 production facilities in China, Turkey, Germany, the Czech Republic and Mexico, which are supported by 9 sales offices in China, America, Luxembourg, Germany, Turkey and Hong Kong, as well as warehousing capacities in China, America, Luxembourg and Turkey. The Group has established long-term strategic cooperative relationships with a number of globally recognized industry leaders, selling its products to more than 30 countries and regions.