reusable package service provider in China, primarily focusing on serving automotive parts manufacturers and OEMs within the automotive industry
Listing Date
2026-03-09
Listing Rules Era
New Rules (after Aug 2025)
Listing Rules Chapter
To be extracted
Weighted Voting Rights (WVR)
No
Registered Address (Mainland China)
Room 3A, Jiacheng Building No. 128 Zhongxin Avenue West Suzhou Industrial Park Suzhou, Jiangsu PRC Corporate headquarters and Principal Room 3A, Jiacheng Building Place of Business in the PRC No. 128
中信建投(国际)融资有限公司 CE BAU112星展亚洲融资有限公司 CE AAE430华升证券(国际)有限公司 CE AFS030
Joint Bookrunners (10)
中信建投(国际)融资有限公司 CE BAU112星展亚洲融资有限公司 CE AAE430华升证券(国际)有限公司 CE AFS030农银国际融资有限公司 CE AWL249招银国际融资有限公司 CE AVM940富途证券国际(香港)有限公司 CE AZT137利弗莫尔证券有限公司 CE BJN764浦银国际融资有限公司 CE BFZ375天风国际证券与期货有限公司 CE BAV573TradeGo Markets Limited CE BRO637
Joint Lead Managers (10)
中信建投(国际)融资有限公司 CE BAU112星展亚洲融资有限公司 CE AAE430华升证券(国际)有限公司 CE AFS030农银国际证券有限公司 CE ACX411招银国际融资有限公司 CE AVM940富途证券国际(香港)有限公司 CE AZT137利弗莫尔证券有限公司 CE BJN764浦银国际融资有限公司 CE BFZ375天风国际证券与期货有限公司 CE BAV573TradeGo Markets Limited CE BRO637
Capital Market Intermediaries (11)
中信建投(国际)融资有限公司 CE BAU112星展亚洲融资有限公司 CE AAE430华升证券(国际)有限公司 CE AFS030农银国际融资有限公司 CE AWL249农银国际证券有限公司 CE ACX411招银国际融资有限公司 CE AVM940富途证券国际(香港)有限公司 CE AZT137利弗莫尔证券有限公司 CE BJN764浦银国际融资有限公司 CE BFZ375天风国际证券与期货有限公司 CE BAV573TradeGo Markets Limited CE BRO637
Service Providers
Role
Institution
Legal Advisor to Company
周俊轩律师事务所
北京市通商律师事务所
Legal Advisor to Sponsors/Underwriters
竞天公诚律师事务所有限法律责任合伙
锦天城律师事务所
Auditor and Reporting Accountant
安永会计师事务所
Industry Advisor
弗若斯特沙利文(北京)咨询有限公司上海分公司
Receiving Banks
星展银行(香港)有限公司
招商永隆银行有限公司
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
Chairman
Mr. Sun Yan
Company Secretary
Mr. Xiang Yang
執行董事 (3)
#
Name
English Name
Type
1
孙延安
—
執行董事
2
汪玥
—
執行董事
3
相阳
—
執行董事
非執行董事 (3)
#
Name
English Name
Type
1
房殿军
—
非執行董事
2
任庆祥
—
非執行董事
3
戴元煜
—
非執行董事
獨立非執行董事 (6)
#
Name
English Name
Type
1
王锐
—
獨立非執行董事
2
刘大成
—
獨立非執行董事
3
项婷
—
獨立非執行董事
4
洪礼军
—
獨立非執行董事
5
严帅
—
獨立非執行董事
6
张欣
—
獨立非執行董事
Major Shareholders
Major Shareholders & Holdings
SUBSTANTIAL SHAREHOLDERS So far as our Directors are aware, immediately following the completion of the Global Offering and assuming the Over-Allotment Option is not exercised, the following persons will have an interest or short position in the Shares or the underlying Sha
AIAI Analysis
!
The following content is generated by an AI model based on historical IPO data. It does NOT constitute investment advice, solicitation, or recommendation. Past subscription patterns and post-listing performance do not guarantee future results. Data may contain inaccuracies — always verify against official HKEX filings and prospectuses before making any investment decision.
Market Sentiment
The market exhibited extraordinary enthusiasm with an oversubscription ratio of 5,297 times, indicating massive retail demand for this logistics packaging IPO. The overall hit rate plunged to a mere 2.5%, underscoring the fierce competition for shares. Despite the fixed offer price of HKD 11.0, investors seemingly disregarded valuation concerns, driven by the sector's appeal. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A striking inefficiency appears at the tier boundary: the top A-tier application of 350,000 lots received an expected 0.26 lots, while the B-tier head at 400,000 lots secured only 0.10 lots, showing no meaningful allocation advantage. The marginal increase in commitment from 甲尾 to 乙头 actually worsened the expected lot count, suggesting that the higher broker fee associated with the B-tier likely erodes any potential benefit. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Demographic data from the filings is absent, with the registrar reporting zero holders and no breakdown of mainland China or Hong Kong participation. This lack of information may indicate that applicant origin details were either not collected or not disclosed in the allocation results. Investors should not draw conclusions about the investor base from this missing data. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Offering Structure
Subscription Tiers
IPO Timeline
Disclaimer & Risk Warning
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