Congratulations to ZG Group (6676.HK) on its completion of the De-SPAC transaction with Aquila Acquisition (7836.HK) and listed on the Mainboard of HKSE on 10 March 2025

ZG Group was established in 2012 and is a leading industrial digitalization platform in China. By connecting key participants in the steel trading industry, its platform currently provides a one-stop B2B comprehensive service covering the entire value chain of steel trading, including online steel transactions, logistics, warehousing and processing, SaaS products, and big data analytics.

With regard to this De-SPAC application, AVISTA Group is honored to be engaged in providing the valuation service in relation to the fair value assessment of promoter warrants and promoter earn-out rights. The negotiated value of ZG Group under the De-SPAC transaction is HKD 10.004 billion, and the amount of funds raised by PIPE investors is approximately HKD 540 million.