On February 22, 2023, Zhejiang HangKe Technology Incorporated Company (“HangKe Technology”, Stock Code: 688006.SH), successfully issued Global Depositary Receipts (GDR) under the symbol ZHT and went public on the SIX Swiss Exchange. The number of GDRs issued by the company this time was 12,625,697, at an offer price of USD 13.69 per GDR, and the underlying securities A-shares represented were 25,251,394. The company raised gross proceeds of approximately USD 173 million from the GDR offering, which was the first listing registered on the Shanghai Stock Exchange Science and Technology Innovation Board.

As the domestic legal advisor to the joint representative, joint global coordinator and joint bookrunner, Jingtian & Gongcheng’s legal team provided full-process legal services, including conducting domestic legal due diligence, assisting with the internal approval process, handling matters regarding domestic regulatory approval, and reviewing the prospectus relating to the GDR offering, transaction documents and domestic and international announcements. With abundant experience in advising Chinese companies on listing overseas and the ability to provide professional, efficient legal services, Jingtian & Gongcheng assisted HangKe Technology, and the joint representative, joint global coordinator and joint bookrunner of this project to successfully complete the GDR offering and listing.