Innovation-driven startups and fledgling companies striving for rapid expansion and public listing have sprouted up in Hong Kong in recent years. Focusing on catalyzing growth, an establishment of governance frameworks is unlikely to be a priority for these startup founders during the initial stages. Nonetheless, good governance is undoubtedly pivotal to sustainability and attracting public investment for their long-term success.
 
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Our Managing Partner, Mr. Vincent Pang was pleased to be invited by The Hong Kong Chartered Governance Institute (HKCGI) to partnered with others industry experts to deliver a seminar on “Startups in Hong Kong &amp; Challenges of Governance Enhancement” last Friday. The event was a huge success, attracting over 360 decision-makers and future business leaders.
 
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Seasoned speakers provided an overview of building startups in Hong Kong and analyzed trends in corporate innovation. Vincent also highlighted the importance of valuation for startups in managing the value of companies and negotiating deals. A panel discussion was designed to explore the significance and difficulties of enhancing corporate governance to startups afterwards, offering critical perspectives on enhancing the city's startup landscape through sound governance.

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As the Guest Speaker of HKCGI Seminar – “Startups in Hong Kong & Challenges of Governance Enhancement"

Our Principal of Risk Management Advisory, Ms. Sabrina Lam, took the pleasure of being invited as a guest speaker at the webinar titled "Taking a Closer Look of Our ESG Criteria" held by the Hong Kong Institute of Certified Public Accountants (HKICPA). Ms. Lam is an organizing committee member and an experience reviewer of the Best Corporate Governance and ESG Awards organized by the HKICPA.
 
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As part of the Best Corporate Governance and ESG Awards series, the webinar aimed to provide an understanding of how ESG criteria are evaluated, along with an in-depth illustration of the latest ESG strategy and governance, reporting principles, KPIs as well as independent assurance of ESG disclosure. Ms. Lam shared our firm’s expertise and experience in augmenting key performance indicators (KPIs) disclosure, which is crucial for evaluating the effectiveness and impact of ESG strategies. We also discussed our views on the consultation paper on the enhancement of climate-related disclosures under the ESG framework recently published by the Hong Kong Stock Exchange during the Q&amp;A section.
 
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The webinar empowered listed companies and public sector organizations to enhance their ESG performances in this ever-evolving ESG landscape. AVISTA is proud to support the growth and development of the ESG industry in Hong Kong and beyond. Our participation in this webinar has demonstrated our commitment to advancing sustainable development and climate action.

AVISTA shares ESG expertise as a guest speaker at HKICPA webinar “Taking a Closer Look of Our ESG Criteria”

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Our Managing Partner, Mr. Vincent Pang, was pleased to be invited to be the Head Juror once again for the ESG Achievement Awards 2022/2023, organized by the Institute of ESG &amp; Benchmark (iESGB). Recently, he was invited as a guest speaker in the Awards webinar to take a deep dive into the award’s criteria and its respective categories.
 
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Through decoding the judging criteria and highlighting the key factors that judges are looking for, Vincent provided invaluable insights on how to improve corporate ESG performance, enabling Awards applicants to set a higher benchmark in pioneering sustainable development.

As the Speaker of iESGB ESG Achievement Awards 2022/2023 Briefing Session Webinar

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Our Managing Partner, Mr. Vincent Pang, was pleased to be invited by JCI City as the judge of the 27th Innovative Entrepreneur Awards once again and being featured as a guest speaker in the programme seminar themed “商務·研討·交流會” recently. By acknowledging the accomplishments and societal-economic contributions of pioneering entrepreneurs in Hong Kong, the programme aims to provide our next generation of entrepreneurs with valuable guidance and advice, inspiring the entrepreneurial mindset among the public and fostering a dynamic entrepreneurial ecosystem.
 
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During the seminar, Vincent provided insights on how startups are valued in the business world, as well as the importance of valuation for startup from various perspectives, navigating aspiring entrepreneurs in the complex and challenging entrepreneurial world.

As the Guest Speaker of JCI City The 27th Innovative Entrepreneur Awards Programme Seminar

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Jayud Global Logistics Ltd. (“Jayud”) has been successfully listed on NASDAQ on 21 April 2023. AVISTA Group is honoured to be engaged in providing valuation services in relation to company’s equity value.
 
Jayud is a leading Shenzhen-based end-to-end supply chain solution providers in China, with a focus on providing cross-border logistics services, including freight forwarding services, supply chain management, and other value-added services.
 
According to the Frost &amp; Sullivan Report, in 2021, Jayud ranked fifth in terms of the revenues generated from providing end-to-end cross-border supply chain solution among all end-to-end supply chain solution providers based in Shenzhen. Headquartered in Shenzhen, a key component of the Greater Bay Area, in China, Jayud benefits from the unique geographical advantages of providing high degree of support for ocean, air and overland logistics. A well-connected transportation network enables Jayud to significantly increase efficiency and reduce transportation costs.
 
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<h6 style="text-align: justify;">Source: Jayud Global Logistics Ltd. official website</h6>
 
With the global end-to-end cross-border supply chain solution market experienced a soaring growth during the past two years, Jayud experienced a rapid growth in 2020 and 2021 as well as the six months ended June 30, 2022, with gross profit increased by 161.4%, from RMB11.8 million in 2021 to RMB30.9 million for the six months ended June 30, 2022.
 
In the future, Jayud plans to use the net proceeds from this offering to supplement their operating cash flow, leasing or purchasing warehouse that have strategic importance to their business operation on a long-term basis, adding new chartered services in key trade lines, operating their overseas business entities, branches and offices and for overseas investment and potential mergers and acquisitions.
 
Congratulations again to Jayud Global Logistics Ltd. (JYD.US) on its successful listing. The issue price is USD 4.0 per share, and the amount of funds raised is USD 5.0 million.

Congratulations to Jayud Global Logistics Ltd. (JYD.US) on its successful Listing

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AVISTA had the honor of jointly presenting the newly co-published "ESG Integration: Cross-border E-commerce Business” White Paper with Meta in a recent webinar, to guide cross-border e-commerce brands on shaping sustainable brands to meet ever-increasing customer expectations, while elevating their corporate branding and positioning to capitalize on growing ESG opportunities.
 
In the webinar, our Principal and Manager of Risk Advisory Services, Ms. Sabrina Lam and Ms. Queenie Wong illustrated how an ESG transformation across the cross-border e-commerce value chain can be executed to boost brand image, attract new customer segments, amplify brand visibility, and ultimately enhance business performance.
 
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Leveraging our extensive industry expertise and experience, Sabrina and Queenie also engaged with e-commerce brands in a Q&amp;A session, offering valuable insights and addressing their concerns one-on-one to guide them on growing sustainable brands and unlocking value creation through ESG.         
 
In recognition of the growing importance of ESG in the rapidly evolving world of cross-border e-commerce, AVISTA shared best practices of sustainability integration into online brands' operations, empowering them to better position themselves for sustainable success and growth.
 
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AVISTA and Meta's "ESG Integration: Cross-border E-commerce Business" White Paper has garnered significant media attention in China, with approximately 60 stories published to date on mainstream news, business and e-commerce, as well as technology media platforms, including tier one outlets such as <a href="https://k.sina.com.cn/article_6379377717_17c3d9435001017o7i.html">Sina.com</a>, <a href="http://www.cb.com.cn/index/show/gd/cv/cv1361834321492">CB.com.cn</a>, and <a href="https://www.ebrun.com/businessnews/20230217/512049.shtml">Ebrun</a>.
 
For more information and access to the whitepaper, please visit the following link:
<a href="https://reachtheworldonfacebook.com/news/esg-whitepaper">https://reachtheworldonfacebook.com/news/esg-whitepaper</a>

AVISTA Shares ESG Expertise as Guest Speakers at Meta’s “ESG Integration: Cross-border E-commerce Business” White Paper Launch Webinar

Our Managing Partner, Mr. Vincent Pang was pleased to be invited by Shanghai Jiao Tong University (SJTU)-BOC Institute of Technology &amp; Finance Student Union to deliver an MBA seminar on the topic of “Start-ups Valuation”, on 1 April 2023 in Shanghai. The seminar was a resounding success, garnering a full house registration.
 
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<h6 style="text-align: center;">A group photo with Shanghai Jiao Tong University (SJTU)-BOC Institute of Technology &amp; Finance's MBA students after the seminar</h6>
 
Through the lens of venture capital, the seminar explored the latest venture capital trend and provided a deep dive into various valuation approaches for start-ups in different stages, illustrated with case studies. Meanwhile, given the heightened focus on ESG among investors, its considerations and impacts on start-ups valuation have also been discussed to share the most up-to-date industry insights and practices, promoting a deeper understanding of the complex world of start-ups valuation and venture capital.
 
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<h6 style="text-align: center;">Seminar on the topic of “Start-ups Valuation”</h6>

AVISTA’s Managing Partner Was Invited as The Guest Speaker by SHJU-BOC Institute of Technology and Finance and Discussed “Start-ups Valuation” with Its MBA Students 

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