IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
Minieye Tec 02431.HK	Application Software	17-20.2	200	4,081	2024/12/20	2024/12/24	2024/12/27
Xunfei Healthcare 02506.HK	Application Software	82.8	50	N/A	2024/12/23	2024/12/27	2024/12/30
InnoScience 02577.HK	Semiconductors & Semiconductor Equipment	30.86-33.66	100	3,400	2024/12/23	2024/12/27	2024/12/30
HealthyWay 02587.HK	Health Care Services	7.8-8.8	500	4,444	2024/12/23	2024/12/27	2024/12/30

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

Minieye Tec
02431.HK

Application Software

17-20.2

200

4,081

2024/12/20

2024/12/24

2024/12/27

Xunfei Healthcare
02506.HK

Application Software

82.8

N/A

2024/12/23

2024/12/27

2024/12/30

InnoScience
02577.HK

Semiconductors & Semiconductor Equipment

30.86-33.66

100

3,400

2024/12/23

2024/12/27

2024/12/30

HealthyWay
02587.HK

Health Care Services

7.8-8.8

500

4,444

2024/12/23

2024/12/27

2024/12/30

Summary

We are a vending machine operator in mainland China with a 7.6% market share in terms of GMV in 2022. According to Frost & Sullivan, we ranked first in terms of both total transaction GMV and network scale in the unmanned retail industry, primarily consisting of vending machines, unmanned stores and unmanned shelves, in mainland China for each of 2019, 2020, 2021 and 2022. For over a decade since our founding, we have endeavored to cultivate the unmanned retail industry, a sub-segment of the retail industry, in mainland China and developed digitalization and operation capabilities, covering merchandise procurement, logistics and inventory management. Leveraging these core capabilities, we have rapidly established an extensive point-of-sale, or POS, network covering a wide range of consumption scenarios, including schools, factories, office premises, public venues, transportation hubs and restaurants. Through our expansive POS network, we are able to provide services to a variety of participants along the unmanned retail industry value chain. As of June 30, 2023, we had a network of 61,888 Ubox POSs for vending machines across 157 cities and 28 provincial-level administrative regions in mainland China, 87.3% of which were concentrated in tier one, new tier one and tier two cities. Our Revenue Model We strive to refine the traditional retail industry with technology, and to further digitalize and automate businesses along the retail value chain. We generated revenue during the Track Record Period from the following business segments: ‧ Unmanned retail business. We leverage our nation-wide POS network and data- driven operation system to digitalize and automate retail sales of FMCG in a wide range of consumption scenarios through vending machines only. We derive revenue from this segment primarily from retail sales of merchandise, including beverages and snacks, through vending machines at Ubox POSs. Our vending machines primarily include pick-and-go cabinets, beverage vending machines, beverage and snack vending machines and freshly brewed beverage vending machines; ‧ Advertising and system support services. We leverage our extensive and unique consumer touch points to offer advertisers with digital advertising services that drive consumer traffic and sales, primarily consisting of (i) display screen advertising services, (ii) after-payment advertising services, (iii) merchandise display advertising services and (iv) machine body advertising services. We derive revenue from service fees charged to our advertising customers for digital advertising services. In addition, we also provide operation system support to Non-Ubox POS operators by allowing them to connect their machines to our operation system, which enables them to access a range of functionalities, including monitoring their machines’ operating status in real time and receiving restocking alerts, restocking routes and schedule recommendations. We derive revenue from fees charged to our Non-Ubox POS operators for using our operation system. During the Track Record Period, our revenue from digital advertising services was generally determined by demand for such services from advertisers, which was impacted by macro-economic conditions, and the expansiveness of our POS network, which represents our capacity to reach consumers. During the Track Record Period, revenue from digital advertising services also relates to the number of new POSs opened which affects the amount of services fees we may receive from Alipay China for the advertising and promotion of its payment service products. For details of service fees from Alipay China, see “Connected Transactions — Partially-exempt Continuing Connected Transactions — Advertising Cooperation Framework Agreement.”; ‧ Merchandise wholesale. We offer merchandise wholesale primarily to merchandise wholesale customers and certain Non-Ubox POS operators. We derive revenue from this segment primarily from wholesale of merchandise; ‧ Vending machine sales and leases. We sell, lease and/or provide hardware support services for vending machine to our Non-Ubox POS operators. We provide hardware support services including machine installation and maintenance services. We derive revenue from this segment primarily from sales and leases of vending machine and/or fee charged for related hardware support services; and ‧ Others. We also offer other services, which mainly comprise mobile device distribution services, karaoke booth services, karaoke booth sales and leases, and karaoke booth operation system support across mainland China. Source: Beijing UBOX Online (02429) Prospectus (IPO Date : 2023/10/24)
Listing Market	MAIN
Industry	Hypermarkets, Supermarkets & Convenience Stores
Background	H Shares
Major Business Area	N/A

Corporate Information

Substantial Shareholders	Wang Bin (Total share: 17.38%); (H share: 13.52%) Ant Group Co., Ltd. (Total share: 16.20%); (H share: 18.00%) Chunhua Qiushi (Tianjin) Equity Investment Management Co., Ltd. (Total share: 5.40%); (H share: 6.00%) [03908] China International Capital Corporation Limited (Total share: 4.56%); (H share: 5.07%)
Directors	Wang Bin (Chairman and Chief Executive Officer and Executive Director) Yu Lizhi (Vice President and Executive Director) Cui Yan (Deputy General Manager and Executive Director) Chao Hua (Executive Director) An Yufang (Non-Executive Director) Zhu Chao (Non-Executive Director) Guo Wei (Independent Non-Executive Director) Zhang Chen (Independent Non-Executive Director) Zhang Changhao (Independent Non-Executive Director)
Company Secretary	Cui Yan Lai Ho Yan
Principal Bankers	Bank Of China Bank China Merchants Bank Hua Xia Bank
Solicitors	Han Kun Law Offices
Auditors	PricewaterhouseCoopers
Registered Office	5th Floor, Manulife Place, 348 Kwun Tong Road, Kowloon, Hong Kong
Share Registrars	Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No	(852) 2980-1333
Internet Address	http://www.uboxol.com
Email Address
Tel No	(86 400) 1528-528
Fax No

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