Tian Yuan Hong Kong assisted Changjiu Holdings Limited, the largest pledged vehicle monitoring service provider in China's automobile circulation field, to successfully complete its initial public offering on January 9, 2024 and be listed on the Hong Kong Stock Exchange Listed on the main board, stock code 6959.HK. CITIC Securities (Hong Kong) Co., Ltd. and ICBC International Capital Corporation Limited are the joint sponsors of this listing project.

 

Changjiu Holdings has a 17-year operating history and its business covers more than 500 cities in 31 provinces in China. Over the years, it has focused on providing pledged vehicle monitoring services and is an absolute leader in the market. In terms of revenue in 2022 and the number of car dealer users as of December 31, 2022, Changjiu Holdings are the largest pledged vehicle monitoring service provider in China's automobile circulation field. Based on revenue in 2022, Changjiu Holdings are pledged in China The market share in the vehicle monitoring services market is 47.9%. As a natural extension of its business, Changjiu Holdings are determined to forge ahead and strive to expand its business scope in China's automobile circulation field, and will begin to provide operation management services for automobile dealers in April 2022.

 

Tian Yuan's Hong Kong team served as the Hong Kong legal advisor for Changjiu Holdings in this listing project, providing high-quality Hong Kong legal services throughout the entire listing project, and received high praise and unanimous recognition from the company, joint sponsors and project participants.

 

In this project, the Tian Yuan Hong Kong team is led by Nan Li, the managing partner of Tian Yuan Law Firm and the managing partner of Tian Yuan Hong Kong, and is composed of partners Crystal Zhang and Isabelle Wu, as well as lawyer Sean Ge, Vivi Song, Joseph Chen, Connie Chen, Hangyu Li, Fuhua Deng jointly assisted.