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Tian Yuan advise UNQ listed in Hong Kong

2021-07-12

On June 28, 2021, UNQ Holdings Limited ("UNQ") successfully landed in Hong Kong capital market with stock code 02177. HK.

UNQ offered 30,690,000 shares globally (subject to the exercise of over-allotment rights), raising a net fund of about HK $327.99 million.

CICC (Hong Kong) Securities Limited ("CICC HK") is the sole sponsor of this listing project.

As a leading brand e-commerce solution provider in China, UNQ strategically focuses on Japanese brand fast-moving consumer goods, including beauty products and personal care products, and acts as a bridge between Chinese brand partners as well as e-commerce platforms and customers.

According to the report of CIC Consulting, the GMV of UNQ’s overseas FMCG brand e-commerce service in 2019 was RMB 4 billion, with a market share of 1.2%, ranking tenth in China's overseas FMCG brand e-commerce service market.

Per the Japanese brand FMCG GMV sold in China through e-commerce channels in 2019, UNQ is the number one brand e-commerce solution provider in China with a market share of 5.5% (the top five service providers have a total market share of 20%).

Tian Yuan sincerely congratulates UNQ on its successful listing on the main board of Hong Kong.

Tian Yuan acted as the Chinese legal adviser of CICC, the exclusive sponsor and the underwriter, in this listing project, and participated in all legal work in the whole listing process, providing efficient and professional legal services for this listing project.

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