Tian Yuan Securities helped QingSong Health Corporation (stock code 02661.HK) successfully complete its listing on the Main Board of the Hong Kong Stock Exchange on December 23, 2025. QingSong Health Corporation offered 2,654,000 shares globally, raising a total of approximately HK$602 million. China International Capital Corporation (Hong Kong) Securities Limited and China Merchants Securities (Hong Kong) Limited were the joint sponsors for this listing.

Founded in 2014, QingSong Health Corporation is a leading technology-driven, one-stop digital integrated health service and health insurance service platform in China. For over a decade, QingSong Health has leveraged its massive user base, vertical AI technology, and closed-loop ecosystem to build a nationwide health management ecosystem. By providing one-stop health solutions, it offers users timely and effective services throughout the entire process, including early screening, comprehensive health packages, science education, and medical research support. Based on 2024 revenue, the company ranked seventh in China's digital health service market.

As the legal counsel for QingSong Health Corporation in mainland China, Tian Yuan provided the company with full-process services including red-chip restructuring, regulatory consultation, data compliance , and filing. Leveraging its extensive experience in the capital market and its profound understanding of the development of internet business models, insurance brokerage, and health industry regulation over the years, Tian Yuan responded quickly and creatively to solve problems throughout the process, providing solid and professional Chinese legal services for QingSong Health Group's successful listing in Hong Kong, which won unanimous recognition from all parties.

This project was completed by a team consisting of Tian Yuan senior partner Piao Yu, partners Liu Yihui and Yan Yanpu, as well as capital market lawyers Huang Shiqi, Yuan Gongwei and Zhang Tiantian; the data compliance legal services involved in this project were completed by a team consisting of Tian Yuan senior advisor Zhu Xuanye and lawyer Yang Shuting.