Congratulations to Zibuyu Group Ltd. (2420.HK) on its Successful Listing

Zibuyu Group Ltd. has been successfully listed on the Mainboard of HKSE on 11 November 2022. AVISTA Group is honored to be engaged in providing financial instrument related valuation services.

Zibuyu Group Ltd. is one of the largest cross-border e-commerce companies in China, which focuses on sales of clothing and footwear products through third-party e-commerce platforms. According to Frost Sullivan's data, based on the GMV in 2021, Zibuyu ranks third among all platform sellers in China's cross-border export B2C e-commerce apparel and footwear market, accounting for 0.4% of the market share in the RMB 596.5 billion market. In addition, based on the GMV generated in North America in 2021, Zibuyu ranks first among all platform sellers in China's cross-border export B2C e-commerce apparel and footwear market, and accounts for 0.7% of the market share in the RMB 303 billion market.

The company has a strong design team with extensive experience in designing with the support of their extensive database and big data analysis, and the capability to quickly identify fashion trend and address customers’ evolving needs, extensive experience in the digital management and integration of supply chain, thereby holding leading position in the industry, strong self-owned brands and extraordinary brand cultivation capability and effective e-commerce operating capabilities. All the above competitive strengths have contributed to their success.

Congratulations again to Zibuyu Group Ltd. (2420.HK) on its successful listing. The issue price of the shares is HKD 7.86 per share, and the maximum amount of funds raised is HKD 198 million.