Hongcheng Environmental Technology Company Limited (“HC ENV TECH”; Stock Code: 02265.HK) completed its IPO and listing on the Main Board of the Hong Kong Stock Exchange on November 12, 2021. The company offered 250 million shares at HK$1.02 per share.

HC ENV TECH is a hazardous gold mine waste treatment company based in Shandong Province, China. The company focuses on treating hazardous gold mine waste; and recycling and extracting resources with economic value for sale. According to an F&S report, the company is the second and third largest hazardous gold mine waste treatment company in Shandong and China respectively, with a market share of approximately 14.8% and 10% respectively in terms of revenues in 2020. The company also ranked first in terms of the volume of hazardous gold mine waste treatment in Shandong and China in 2020.

As the Chinese legal adviser to the issuer, Jingtian & Gongcheng's legal team provided comprehensive and full-process legal services for IPO and listing of HC ENV TECH, including setting up the red chip architecture, conducting legal due diligence, analyzing and addressing key legal problems, offering legal opinions and advice, assisting in communicating key legal matters with Chinese government departments, reviewing and revising the prospectus and other listing application documents, and assisting in answering feedback from the regulator, thus successfully finishing the IPO-related legal work in China.