NIO announces that it has obtained the SGX conditional listing qualification letter

　　Zhongxin Finance, May 6th. On May 6th, Beijing time, Weilai issued an announcement, claiming that the company has obtained a conditional listing qualification letter from the Singapore Exchange for a secondary listing on the main board, and will issue a listing document this month.

　　For the new listing, Weilai will adopt the method of introduction and listing, which does not involve new share issuance and fund raising.

NIO's Class A shares listed on the SGX are fully convertible with its NYSE-listed American Depositary Shares.

　　This is another major capital market move after Weilai completed its secondary listing on the Hong Kong Stock Exchange on March 10.

By then, NIO will become the first smart electric vehicle company listed in the United States, Hong Kong and New Zealand.

　　As early as February 28, Weilai’s prospectus submitted to the Hong Kong Stock Exchange showed that it had filed an application for listing on the main board of the Singapore Stock Exchange.

　　Citi previously released a research report saying that NIO's simultaneous listing in the United States, Hong Kong and Singapore can expand future financing platforms, establish deeper connections with Asian investors, and build brand equity.

　　Weilai said that while expanding overseas financial financing channels, it will further attract international capital, which will more strongly support the development of the real economy such as the domestic smart electric vehicle industry chain.

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