Congratulations to Xiaocaiyuan International Holding Ltd. (0999.HK) on its successful Listing on the Mainboard of HKSE on 20 December 2024
 
Xiaocaiyuan International Holding Ltd. (“Xiaocaiyuan”) is one of the renowned self-operated chain restaurants in China’s mass Chinese cuisine market. According to Frost &amp; Sullivan, the mass Chinese cuisine market is a sub-segment of Chinese cuisine market with average spending per consumer below RMB100. Capitalizing on our deep comprehension of China’s evolving catering industry, the anticipated modernization and industrialization in the industry, and the inherent consumer demand, Xiaocaiyuan strategically ventured into the growing mass Chinese cuisine sector. Since our establishment in 2013, Xiaocaiyuan has been striving to offer consumers home-style flavor dishes and attentive services at affordable prices. As of the Latest Practicable Date, Xiaocaiyuan has 663 self-operated restaurants under operation, with a coverage of 146 cities or counties across 14 provinces in China.
 
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services on restricted stock unit, preferred stocks and convertible bonds.
 
Congratulations again to Xiaocaiyuan International Holding Ltd. (0999.HK) on its successful listing. The issue price is HKD 8.50 per share, and the amount of funds raised is HKD 860 million.
 
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Congratulations to Xiaocaiyuan International Holding Ltd. (0999.HK) on its Successful Listing

Congratulations to Dmall Inc. (2586.HK) on its successful Listing on the Mainboard of HKSE on 6 December 2024
 
Dmall Inc. (“Dmall”) is one of the largest retail digitalization solution service providers in China, offering retail digitalization solutions to leading retailers in the local retail industry. The company has served most of the leading retail enterprises in China and has successfully expanded its business to other countries and regions outside of China. As of June 30, 2024, including Hong Kong and Macao in China, as well as Cambodia, the Philippines, Malaysia, Indonesia, Singapore, Poland, and Brunei, the company's overseas revenue has exceeded the billion-yuan mark.
 
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to purchase price allocation analysis, goodwill impairment test, financial assets and property.
 
Congratulations again to Dmall Inc. (2586.HK) on its successful listing. The issue price is HKD 30.21 per share, and the amount of funds raised is HKD 778.6million.
 
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Congratulations to Dmall Inc. (2586.HK) on its Successful Listing

We are pleased to announce that our Managing Partner, Mr. Vincent Pang and our Director of Risk Management Advisory Services, Ms. Sabrina Lam have once again been invited by the Hong Kong Institute of Certified Public Accountants (HKICPA), for the sixth consecutive year, to serve on the Review Panel for the Best Corporate Governance (CG) and ESG Awards 2024.  Additionally, Ms. Lam has served as an organizing committee member of the Award since 2023, providing her professional knowledge and insights to the Awards. AVISTA is honored to sponsor these prestigious awards. The Awards Presentation Luncheon took place successfully at the JW Marriott Hotel Hong Kong on November 25th.
 
These awards highlight the critical importance of robust corporate governance and effective environmental, social, and governance (ESG) practices for listed companies and public sector/not-for-profit organizations, along with their investors and stakeholders. They serve as a catalyst for companies and organizations to strive for excellence in CG and ESG, encouraging them to weave these principles into their core values, strategies, and operations.
 
This year, 38 outstanding awardees were recognized, featuring leading companies in Hong Kong or even around the globe, including CLP Holdings Limited, MTR Corporation Limited, COSCO SHIPPING Ports Limited, Alibaba Group Holding Limited, Geely Automobile Holdings Limited, WuXi Biologics (Cayman) Inc, among others.
 
As a premier provider of CG and ESG advisory services, AVISTA is thrilled to witness significant progress in CG and ESG reporting standards among corporations. We look forward to seeing more companies raise their standards in the future. Our commitment to sustainability remains steadfast, and we will continue to offer our support in this important area.
 
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As a Reviewer and a Sponsor of the Best Corporate Governance (CG) and ESG Awards 2024 Organized by Hong Kong Institute of Certified Public Accountants (HKICPA)

AVISTA Group is pleased to announce that we have become a collaborating firm of Andersen Global. As a collaborating firm of Andersen Global, AVISTA Group is able to bring the benefits and resources of a global firm to its clients in a seamless manner. Through its member and collaborating firms, Andersen Global has one of the largest global footprints among multinational, multidisciplinary professional services firms.
 
<a href="https://online.andersen.com/e/mhecgur5lrhvjcg">Andersen Global</a> is an international association of legally separate, independent member firms comprised of tax, legal, and valuation professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 18,000 professionals worldwide and a presence in over 500 locations through its member firms and collaborating firms.
 
By collaborating with Andersen Global, AVISTA Group gains access to cutting-edge industry trends, regulatory updates, and innovative solutions in the valuation domain. This strategic collaboration reinforces our commitment to providing outstanding advisory services and solidifies our position as a premier professional advisory firm in the Greater China region and the global arena.
 
<a href="https://online.andersen.com/24/1741/november-2024/andersen-advances-global-valuation-practice-in-10-asia-pacific-countries.asp?sid=419686f5-89bf-4978-85e4-0d68c7c805ac" target="_blank" rel="noopener">Click to view the announcement.</a>

AVISTA Group Joins Andersen Global as a Collaboration Firm

Congratulations to Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. (2582.HK) on its successful Listing on the Mainboard of HKSE on 15 November 2024
 
Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. (“Guofu Hydrogen”) is a leading hydrogen energy storage and transport equipment manufacturer in China. The company develop and manufacture hydrogen energy core equipment used in the entire industrial value chain of hydrogen energy, which consists of its production, storage, transportation, refueling and use. The company is strategically located in the Yangtze River Delta, with convenient access to the ports thereof, which have abundant supply chain resources. Leveraging the advantages in geographic location and benefitting from favorable policies in the global and China’s hydrogen energy industry and hydrogen energy core equipment industry, the company is dedicated to becoming the center of the global supply chain of hydrogen energy core equipment.
 
With regard to this listing application, AVISTA Group is honored to be engaged in providing expected credit loss and long-term assets impairment related valuation service.
 
Congratulations again to Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. (2582.HK) on its successful listing. The issue price is HKD 65.00 per share, and the amount of funds raised is HKD 39 million.
 
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Congratulations to Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. (2582.HK) on its Successful Listing

Sabrina has over 9 years of substantial experience in sustainability, climate and risk management advisory for Hong Kong listed companies, IPO applicants and asset managers, with a focus on ESG disclosure and compliance, ESG strategy and impact enhancement, sustainability governance, ESG and climate risk management, sustainable investment, decarbonization roadmap and ESG assurance.
 
In her new role, Sabrina will continue her leadership and leverage her extensive expertise on risk management advisory services to bring value to AVISTA’s next-level growth.
 
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Congratulations to Ms. Sabrina Lam, who has been promoted to Director of Risk Management Advisory team in AVISTA Hong Kong.

We are excited to share the success of SuitSwitcher 2024, a work-wear recycling campaign organized by the Career Centre of Hong Kong Baptist University (HKBU). SuitSwitcher 2024 aimed to collect donations of work attire to assist students in need. We are pleased to have participated by contributing unused garments from our colleagues. It is our hope that these donated items will find a new purpose and pose a positive impact on HKBU students.
 
Through initiatives like SuitSwitcher 2024, we are dedicated to creating a positive impact and aiding those in need as part of our continuous endeavors to promote sustainable fashion and lifestyle choices.
 
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