Nanjing Shenghang Shipping Co., Ltd. (“Shenghang Shipping”, Stock Code: 001205.SZ) completed its IPO and listing on the Shenzhen Stock Exchange (SZSE) on May 13, 2021. The company offered 30.066667 million shares at RMB 16.52 per share, raising a total of approximately RMB 497 million.

Shenghang Shipping is a logistics enterprise mainly engaged in the water transport of liquid chemicals and petroleum products in China's coastal areas and the middle and lower reaches of the Yangtze River, as well as one of the domestic leading liquid chemical shipping enterprises. The company's business scope covers key domestic chemical production bases in the Bohai Bay, the Yangtze River Delta, the Pearl River Delta, the Beibu Gulf and other regions. The company serves large-scale petrochemical enterprises like Sinopec, China National Petroleum Corporation (CNPC), Zhejiang Petroleum & chemical and Hengli Group. By virtue of its high-quality and efficient logistics services, Shenghang Shipping was selected as the "Model Logistics Service Provider" and the "Best Logistics Service Provider" many times by customers like Sinopec and CNPC.

As the legal adviser to the issuer, Jingtian & Gongcheng's legal team advised Shenghang Shipping on its IPO and listing in an all-round way. The team has provided legal services to the company for years, including shareholding system reform, NEEQ listing, private placement during NEEQ listing, NEEQ delisting, and the IPO and listing, thus being highly recognized by the client for its efficient, timely and quality services.