Congratulations to Persistence Resources Group Ltd (2489.HK) on its Successful Listing

Congratulations to Persistence Resources Group Ltd (2489.HK) on its successful listing on the Mainboard of HKSE on 22 December 2023.

Persistence Resources Group Ltd (“Persistence Resources”) is a gold exploration, mining and processing company established in 2005 and located in Yantai city of the Shandong Province in China, and sells gold bullion derived from gold concentrate processed by the company. Persistence Resources were the third largest gold mining company in the Shandong Province in 2022 with a market share of 2.6% in terms of mine production volume.

With regard to this listing application, AVISTA Group is honoured to be engaged in providing Environmental, Social and Governance and internal control advisory services.

Congratulations again to Persistence Resources Group Ltd (2489.HK) on its successful listing. The issue price is HKD 0.65 per share, and the amount of funds raised is HKD 265 million.