The Tian Yuan Hong Kong team advised Nanjing Estun Automation Co., Ltd. (Stock Codes: 002747.SZ, 02715.HK) (“Estun”), a leading Chinese industrial robotics company, on its successful listing on the Main Board of The Stock Exchange of Hong Kong Limited on 9 March 2026. Huatai Financial Holdings (Hong Kong) Limited acted as the sole sponsor for the listing.
Estun was first listed on the Shenzhen Stock Exchange in 2015. Leveraging its outstanding R&D capabilities, comprehensive industry chain layout and forward-looking global strategy, Estun’s products play a key role in a wide range of industrial application scenarios. According to Frost & Sullivan, Estun has ranked first among domestic companies in terms of industrial robot shipments in China’s industrial robot solutions market for several consecutive years, and in the first half of 2025 became the first domestic robotics company to top China’s industrial robot solutions market.
In this listing project, the Tian Yuan Hong Kong team acted as Hong Kong legal counsel to the sponsor and underwriters and served as the principal drafting counsel for the prospectus. With deep insights into the robotics, industrial automation and advanced manufacturing sectors, as well as a precise understanding of Hong Kong capital markets regulations, the Tian Yuan Hong Kong team successfully assisted the company in showcasing its core technological strengths and strategic advantages. The team provided high-quality Hong Kong legal services throughout the listing process, demonstrating Tian Yuan Hong Kong’s outstanding capabilities in delivering one-stop, high-quality and industry-tailored legal solutions in complex regulatory environments. The team’s professionalism and dedication received unanimous recognition from the company and all parties involved in the project.
The Tian Yuan Hong Kong team has long served pioneering companies in the robotics and artificial intelligence sectors, with clients spanning service robots, warehouse logistics robots and industrial robots. Representative clients include Yunjì Technology (Stock Code: 02670.HK), known as the “first service robotics intelligent agent stock.” With deep expertise in embodied intelligence, human-machine interaction and underlying algorithms, as well as extensive practical experience in complex regulatory environments, the team has assisted multiple robotics R&D and manufacturing companies in accessing capital markets. Amid the restructuring of global industrial supply chains, the Tian Yuan Hong Kong team continues to help robotics companies connect with both domestic and international capital markets, providing solid compliance support for their technology globalization and international financing. Closely following the momentum of the “Robotics+” era, the team adopts a pragmatic and forward-looking legal perspective to facilitate the commercialization of humanoid robots and various intelligent terminals, further strengthening its professional influence in embodied intelligence and other technology sectors within the Hong Kong capital markets.
In this project, the Tian Yuan Hong Kong team was led by Managing Partner Nan Li, with support from Charles Wang, Isabelle Wu, Haobo Zhang, Joseph Chen, Qu Yichen, Sean Ge, Valerie Wei and Claudia Zhou.
