Business Valuation

Congratulations to Hebei Haiwei Electronic New Material Technology Co., Ltd.（9609.HK） on its successful Listing on the Mainboard of HKSE on 28 Nov 2025
Hebei Haiwei Electronic New Material Technology Co., Ltd. is one of China’s largest manufacturers of capacitor film used in film capacitors for new energy vehicles (NEVs), new energy electricity system, industrial equipment, home appliances and other end-use application scenarios. It engages primarily in the production and sale of capacitor film products for film capacitors and possesses the capability of independent design and development of capacitor base film production lines.
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services on secured liabilities and PPA.
Congratulations again Hebei Haiwei Electronic New Material Technology Co., Ltd. （9609.HK） on its successful listing. The issue price of the shares is  HKD 14.28 per share, and the amount of funds raised is HKD 506.31 million.
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Congratulations to Hebei Haiwei Electronic New Material Technology Co., Ltd.（9609.HK） on its Successful Listing

We are proud to share that our Associate Director of Valuation Advisory, Mr. Leo Lee, has been invited to serve as a mentor for the prestigious mentorship programme at The University of Hong Kong (HKU) Business School. Mr. Lee attended the inauguration ceremony on 6 November 2025, where he was introduced to his assigned mentee, Mr. Michael Guo, a Year 2 student majoring in BBA in Economics and Finance.
We are proud to support the development of young talent and contribute to the broader business community through such initiatives. By participating in mentorship programmes, our professionals are able to share their industry insights, career advice, and real-world experiences with students who are eager to learn and grow.
At AVISTA Group, we believe in the importance of nurturing the next generation of business leaders.
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As a Mentor of the HKUBS Mentorship Programme 2025/2026

Congratulations to Chuangxin Industries Holdings Limited （2788.HK） on its successful Listing on the Mainboard of HKSE on 24 Nov 2025.
Chuangxin Industries Holdings Limited (“Chuangxin Industries”) focuses on alumina refining and aluminum smelting within the upstream of the aluminum industry chain. The aluminum industry chain mainly consists of upstream aluminum production and downstream aluminum alloy processing. Upstream aluminum production primarily comprises three stages: bauxite mining, alumina refining and aluminum smelting.
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to expected credit loss.
Congratulations again Chuangxin Industries Holdings Limited （2788.HK） on its successful listing. The issue price of the shares is  HKD 10.99 per share, and the amount of funds raised is HKD 5,495 million.
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Congratulations to Chuangxin Industries Holdings Limited （2788.HK） on its Successful Listing

Congratulations to WeRide Inc.（0800.HK） on its successful Listing on the Mainboard of HKSE on 6 Nov 2025
WeRide Inc.is one of the global pioneers in L4 autonomous driving. Its robotaxi services are among the first in the world to achieve scaled commercial operation in both China and the Middle East.
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services on financial instruments and intellectual property.
Congratulations again WeRide Inc.（0800.HK） on its successful listing. The issue price of the shares is  HKD 27.1 per share, and the amount of funds raised is HKD 2,391.58 million.
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Congratulations to WeRide Inc.（0800.HK）on its Successful Listing

Congratulations to Vigonvita Life Sciences Co., Ltd. （2630.HK） on its successful Listing on the Mainboard of HKSE on 6 Nov 2025
Vigonvita Life Sciences Co., Ltd. （the “Vigonvita”） is a biopharmaceutical company engaged in the discovery, acquisition, development, and commercialization of small-molecule drugs in its strategically focused therapeutic areas, namely neuropsychiatry and reproductive health.
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services related to share-based compensation and intangible asset impairment test.
Congratulations again Vigonvita Life Sciences Co., Ltd. （2630.HK） on its successful listing. The issue price of the shares is  HKD 33.37 per share, and the amount of funds raised is HKD 587 million.
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Congratulations to Vigonvita Life Sciences Co., Ltd. （2630.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 seventh consecutive year, to serve on the Review Panel for the Best Corporate Governance (CG) and ESG Awards 2025.  AVISTA is honored to sponsor these prestigious awards. The Awards Presentation Luncheon took place successfully at the JW Marriott Hotel Hong Kong on 31st October 2025.
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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, 39 outstanding awardees were recognized, featuring leading companies in Hong Kong or even around the globe, including CLP Holdings Limited, MTR Corporation Limited, The Airport Authority Hong Kong, Swire Properties Limited, Hang Lung Group Limited, Tencent Holdings Limited, AIA Group Limited, ANTA Sports Products Limited, among others.
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As a leading provider of CG and ESG advisory services, AVISTA is excited to see substantial advancements in corporate CG and ESG reporting standards. We anticipate further improvements from companies in the years ahead. Our dedication to sustainability is unwavering, and we will keep supporting this critical field.

As a Reviewer and a Sponsor of the Best Corporate Governance (CG) and ESG Awards 2025 Organized by Hong Kong Institute of Certified Public Accountants (HKICPA)

Deepexi Technology Co., Ltd. （the “Deepexi”） is an enterprise large model AI application solution provider. With over 40 registered patents, Deepexi has participated in drafting several national standards in AI and industrial fields. Deepexi specializes in delivering cutting-edge artificial intelligence solutions for enterprises, empowering enterprises to integrate their professional knowledge and data, decisions and operations efficiently at scale.
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services on share reform, and valuation services related to share-based compensation and preferred shares.
Congratulations again Deepexi Technology Co., Ltd. （1384.HK） on its successful listing. The issue price of the shares is  HKD26.66 per share, and the amount of funds raised is HKD710.01 million.
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