Tian Yuan's onshore and Hong Kong teams jointly assisted Beijing Shougang LanzaTech Technology Co., Ltd. (Stock Code: 2553.HK) ("Shougang LanzaTech" or the "Company"), the first CCUS (Carbon Capture, Utilization and Storage) stock listed on the Hong Kong Stock Exchange, in completing its initial public offering and listing on the Main Board of the Hong Kong Stock Exchange on June 3, 2026. Shougang LanzaTech's global offering received an enthusiastic market response, raising total funds of approximately HK$584 million, with the Hong Kong public offering oversubscribed by approximately 1,422 times. Yuexiu Capital Limited acted as the sole sponsor for this listing project, and Yuexiu Securities Limited acted as the overall coordinator and joint global coordinator.

Since its establishment in 2011, Shougang LanzaTech has been deeply engaged in the CCUS industry. As the first enterprise in the CCUS industry to achieve the commercialization and scale-up of low-carbon product production using proven synthetic biology technology, Shougang LanzaTech held a 58.4% share of the global market by 2025 revenue, firmly holding a leading position in the industry. The company has successfully put into operation four large-scale production facilities in China, producing low-carbon products such as ethanol and microbial protein through carbon capture and utilization technology, realizing integrated, scaled production from carbon capture to the conversion into high-value-added products.

In this listing project, Tian Yuan's onshore team and Tian Yuan Hong Kong team acted as the PRC legal advisor and Hong Kong legal advisor to the sole sponsor and underwriters, respectively. Leveraging the advantages of onshore-offshore synergy and connectivity, and relying on their extensive experience and professional expertise cultivated over many years in the Hong Kong capital market, as well as their deep understanding and precise grasp of Hong Kong listing and regulatory policies, they were deeply involved in the entire listing process. They assisted the sponsor and underwriters in successfully executing the project, providing high-quality and efficient PRC and Hong Kong legal services throughout Shougang LanzaTech's listing project, earning high recognition and unanimous praise from the company and all project participants.

 

In this project, the Tian Yuan onshore team was led by Tian Yuan Managing Partner Mr. Wu Guanxiong, with members including senior associates Jiang Ziqian and Wang Chen. The Tian Yuan Hong Kong team was led by Partner Mr. William Ji, and assisted by senior consultant lawyers Phiona So and Ashley Yao, senior associate Joey Lam, associates Trina Zhang and Gloria Ho, as well as other team members including Ralph Zeng, Rikki Chen, Candice Liang, and Ines Zhang.