On March 23, 2023, KRP Development Holdings Limited (“KRP Development”, Stock Code: 02421.HK) was listed on the Main Board of the Hong Kong Stock Exchange by way of introduction. KRP Development is the first property developer from the Chinese mainland listed on the Hong Kong Stock Exchange in the past few months.

As the domestic legal counsel to the sponsor, Jingtian & Gongcheng, along with the firm's Hong Kong office that acted as the Hong Kong legal counsel to the sponsor, provided comprehensive legal services throughout the listing, including designing and implementing the restructuring plan, obtaining the approval of the Hong Kong Stock Exchange for the spin-off, conducting legal due diligence, drafting the prospectus and listing application documents, and answering inquiries from the regulator. The services were highly recognized by the client and the intermediary team, and helped KRP Development to go public successfully.