中国国际金融香港证券有限公司 CE AEN894招商证券(香港)有限公司 CE AAI650富途证券国际(香港)有限公司 CE AZT137
Joint Bookrunners (4)
中国国际金融香港证券有限公司 CE AEN894招商证券(香港)有限公司 CE AAI650富途证券国际(香港)有限公司 CE AZT137浦银国际融资有限公司 CE BFZ375
Joint Lead Managers (4)
中国国际金融香港证券有限公司 CE AEN894招商证券(香港)有限公司 CE AAI650富途证券国际(香港)有限公司 CE AZT137浦银国际融资有限公司 CE BFZ375
Capital Market Intermediaries (4)
中国国际金融香港证券有限公司 CE AEN894招商证券(香港)有限公司 CE AAI650富途证券国际(香港)有限公司 CE AZT137浦银国际融资有限公司 CE BFZ375
Service Providers
Role
Institution
Legal Advisor to Company
贝克‧麦坚时律师事务所
天元律师事务所
衡力斯律师事务所
通商律师事务所
Legal Advisor to Sponsors/Underwriters
史密夫斐尔律师事务所
海问律师事务所
Auditor and Reporting Accountant
德勤‧关黄陈方会计师行
Industry Advisor
弗若斯特沙利文(北京)咨询有限公司上海分公司
Receiving Banks
招商永隆银行有限公司
Cornerstone Investors
#
Investor Name
Investment Amount
Shares Subscribed
% of Offer Shares
% of Total Shares
Lock-up Period
Est. Unlock Date
1
中金资本为中国国际金融股份有限公司
—
—
—
—
6 months
2026-06-23
2
中国国际金融香港证券有限公司
—
—
—
—
6 months
2026-06-23
Directors & Management
Chairman
杨胤
Company Secretary
楊磊,陳靜雅
執行董事 (2)
#
Name
English Name
Type
1
杨胤
—
執行董事
2
王静
—
執行董事
非執行董事 (3)
#
Name
English Name
Type
1
赵宇平
—
非執行董事
2
郑凯还
—
非執行董事
3
吴彬
—
非執行董事
獨立非執行董事 (3)
#
Name
English Name
Type
1
王晓燕
—
獨立非執行董事
2
周耀明
—
獨立非執行董事
3
白昆
—
獨立非執行董事
Major Shareholders
Major Shareholders & Holdings
杨胤女士通过QingSongChou Holdings Corporation、Yang Group Holdings Limited、Yang Group Holdings Limited等实体控制公司约20.58%的股份(假设超额配股权未获行使)。其他主要股东包括阳光人寿保险股份有限公司(约7.74%)、德同环球消费投资有限公司(约3.04%)、TDH Venture Capital Investment Limited(约6.19%)等。
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 IPO saw extreme demand with an oversubscription ratio of 1421.47x, reflecting intense market enthusiasm. The hit rate of 11.03% underscores the fierce competition for allocations. The offer price was fixed at HKD 22.68, though no initial range is available for comparison. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A striking tier inefficiency exists: the 甲尾 (200,000 lots) expected only 0.0687 lots, while the 乙头 (250,000 lots) received a higher 0.1562 expected lots, making the 甲尾 tier disproportionately unfavorable. This inversion suggests that larger B-tier applications gained a significant allocation advantage. Broker fee efficiency would likely favor the B-tier, though actual costs depend on individual fee structures. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Demographic data appears incomplete, with reported total holders, mainland participation, and Hong Kong participation all at zero. Consequently, no analysis of investor geography or profile is possible for this IPO. This absence limits any assessment of regional demand dynamics. (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
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