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 an enterprise digitalization solutions provider in China, focusing on offering SaaS financial & tax digitalization and data-driven analytics services through our Baiwang Cloud platform. We process a variety of transaction documents, including among others, invoices, receipts, bills, and other accounting records, that accurately reflect key business transactions of enterprises. Empowered by insights into voluminous transaction data and equipped with big data analytics capabilities, we facilitate the automated and digitalized business decision- making by financial service providers and other enterprise customers. We have achieved the leadership position in the markets we operate in as evidenced by the following, according to the F&S Report: ‧ we ranked first in China’s cloud financial and tax-related transaction digitalization market in 2023 in terms of revenue, representing a market share of 7.1%, and second in China’s financial and tax-related transaction digitalization market in 2023 in terms of revenue, representing a market share of 4.9%; ‧ we ranked first among financial and tax-related transaction digitalization solution providers in China, with approximately 0.7 billion invoice processing requests fulfilled through our cloud solutions in 2023; ‧ we ranked second among financial and tax-related transaction digitalization solution providers in China, with approximately 2.6 billion VAT invoices issued through our cloud solutions in 2023; and ‧ we ranked second in China’s transaction-based big data analytics for SMB financing market in 2023 in terms of revenue, representing a market share of 6.4%. Since our inception, we have strategically leveraged information security and compliance technologies, which we believe are an indispensable component of the digital transaction infrastructure, to facilitate the digitalized processing and circulation of transaction documents. We have launched a suite of digitalization solutions covering the key processes of enterprise transactions, from procurement, billing, invoicing, to automated management of account receivables and payables and tax filings. As we continue to provide financial & tax digitalization solutions and with proper authorization from customers and users, we have access to a massive volume of transaction documents and data, including 14.3 billion transaction documents processed by us, covering business activities of 101.9 million enterprises, as of December 31, 2023. We have attracted a large base of KA customers, including some of the largest commercial banks, insurance companies, internet giants, and other industry-leading corporate conglomerates in China. The industry know-how and reputation accumulated through serving these KA customers have allowed us to attract a growing number of mid-market customers and further penetrate into more industry verticals. Leveraging our big data analytics technology, we have developed data-driven analytics services that facilitate the optimization of decision making and risk management of financial service providers and other enterprises across industries. In 2023, we served 134 customers with our data-driven analytics services, and we fulfilled approximately 17.5 million viewing requests for enterprise operation reports, with approximately 2.6 million enterprises included in the enterprise operation reports. Source: Baiwang Company (06657) Prospectus (IPO Date : 2024/06/28)
Listing Market	MAIN
Industry	Systems Software
Background	H Shares
Major Business Area	N/A

Corporate Information

Substantial Shareholders	Chen Jie (Total share: 41.44%); (H share: 11.53%) [09988] Alibaba Group Holding Limited (Total share: 11.39%); (H share: 18.04%) Beijing Watertek Information Technology Co., Ltd. (Total share: 9.50%); (H share: 7.09%) [00656] Fosun International Limited (Total share: 5.10%); (H share: 8.07%) Shenzhen Oriental Fortune Capital Investment Management Co., Ltd. (Total share: 4.62%); (H share: 7.31%) Jiangsu Yuanli Industrial Investment Co., Ltd. (Total share: 3.20%); (H share: 7.95%)
Directors	Chen Jie (Chairlady and General Manager and Executive Director) Jin Xin (Chief Operating Officer and Executive Director) Fu Yingbo (Chief Executive Officer and Executive Director) Zou Yan (Executive Director) Diao Juanhuan (Non-Executive Director) Huang Miao (Non-Executive Director) Ng Kwok Yin (Independent Non-Executive Director) Song Hua (Independent Non-Executive Director) Tian Lixin (Independent Non-Executive Director) Wu Changhai (Independent Non-Executive Director)
Company Secretary	Chiu Ming King Zheng Tianhao
Principal Bankers	Industrial And Commercial Bank of China China Minsheng Banking Corp. Ltd. Bank of Beijing
Solicitors	Tian Yuan Law Firm Wilson Sonsini Goodrich & Rosati. P.C.
Auditors	Deloitte Touche Tohmatsu
Registered Office	Room 1901, 19th Floor, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong
Share Registrars	Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No	(852) 2862-8628
Internet Address	http://www.baiwang.com
Email Address	market@baiwang.com
Tel No	(86 400) 851-2366
Fax No

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