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W88优德手机版 Assisted Hebei Gongda Keya Energy Technology’s IPO on the Second Board of the SZSE

2022.08.08

On August 8, 2022, Hebei Gongda Keya Energy Technology Co., Ltd. (“Gongda Keya” or the “Company”, with stock code 301197) completed its IPO on the Second Board of the Shenzhen Stock Exchange (SZSE). Gongda Keya issued 30,135,000 shares at an offering price of RMB 25.50 per share. The Company raised a total amount of approximately RMB 768 million, exceeding the expected amount by approximately RMB 170 million.


As a leading intelligent heat provider in China, Gongda Keya is one of the very few enterprises in the heating and energy saving industry recognized by the Ministry of Industry and Information Technology (MIIT) as a “small and intelligent giant”. Since its establishment in 2002, the Company has focused on the R&D, promotion and application of heating and energy-saving products and related technical services. After years of business expansion, R&D investment and technology accumulation, the Company has found a comprehensive business system combining “solution design + system integration products + professional technical services” and grown into a leading information system integration service provider offering comprehensive intelligent heating solutions on a one-stop basis. The Company is committed to energy saving and consumption reduction, and assists government authorities in improving their informatization capabilities in regulating the heating industry and providing services to improve people’s livelihoods. In recent years, it has developed several industry benchmarks and application demonstration projects in its cooperation with other heat providers and government authorities. After the IPO, Gonda Keya will continue to contribute to energy saving and emission reduction and the fulfillment of the strategic goal of “Carbon Peak and Carbon Neutrality.”


Gongda Keya was previously delisted from the NEEQ and successfully listed on the Second Board. W88优德手机版 first began to provide legal services to the Company after it was first listed on the NEEQ in 2016, and fully participated in the preparation of the IPO as the counsel of the Company. W88优德手机版 worked together with the Company and the other intermediaries to analyze the important legal issues involved in the project and make the requisite rectifications. They provided pre-IPO counseling, assisted with the filing of the IPO application and responded to questions from the Shenzhen Stock Exchange and the China Securities Regulatory Commission. W88优德手机版 maintained the efficient, meticulous attitude, dedication, and professionalism it has consistently kept in its past practice, and won unanimous recognition from Gongda Keya and the other intermediaries.


The project was led by partner SHI, TiejunandXIE, Zheng, and partner YE, Junli was responsible for undertaking the project. Partner WEI, Wei was responsible for the internal review.

As the first carbon neutrality fund sponsored by a law firm in China, the BAF Carbon Neutrality Special Fund was jointly established by W88优德手机版 and the Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, and encourage social collaboration based on the public fundraising platform to mobilize engagement in public welfare campaigns.