Congratulations to Zhejiang Lingpao Technology Co., Ltd. (9863.HK) on its Successful Listing

Zhejiang Lingpao Technology Co., Ltd. has been successfully listed on the Mainboard of HKSE on 29 September 2022. AVISTA Group is honored to be engaged in providing Equity Value, Financial Instrument, Employee Stock Ownership Plan and Asset Impairment test related valuation service.

Zhejiang Lingpao Technology Co., Ltd. is an innovative intelligent electric vehicle enterprise. The business scope of the company covers intelligent electric vehicle design, R&D and manufacturing, intelligent driving, motor electronic control, battery system development and cloud-based vehicle networking solutions.

The company has full-suite of R&D capabilities, diverse portfolio of smart EVs, proven ability to rapidly expand vehicle portfolio, advanced autonomous driving and smart cockpit technologies, and visionary management team with proven ability to execute. Being the most vertically integrated pure-play EV maker in China, their full-suite of R&D capabilities and in-house production of all core systems and electronic components allow them to simplify and streamline their supply chain with lower procurement and production costs. The above strengths are the company’s competitive edge contributing to their success.

Congratulations again to Zhejiang Lingpao Technology Co., Ltd. (9863.HK) on its successful listing. The issue price of the shares is between HKD 48 per share, and the maximum amount of funds raised is HKD 6.06 billion.

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