Congratulations to Mr. Matthew Su, who has been promoted to Senior Manager of Valuation Advisory team in AVISTA Shanghai.
 
With nearly 10 years of experience in valuation sector.  Matthew has led several local and overseas valuation and advisory projects across different industries, including information technology, financial services, asset management, e-commerce, retail, catering, property management, utilities, bio-tech, etc.
 
In his new role, Matthew will continue his leadership and leverage his extensive expertise on valuation and advisory services to bring value to AVISTA’s next-level growth.
 
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Congratulations to Mr. Matthew Su, who has been promoted to Senior Manager of Valuation Advisory team in AVISTA Shanghai.

Atour Lifestyle Holdings Ltd. has been successfully listed on NASDAQ on 11 November 2022. AVISTA Group is honored to be engaged in providing valuation services in relation to preferred shares, employee incentive plan, long-lived assets impairment test, goodwill impairment test and M&amp;A transactions.
 
Atour Lifestyle Holdings Ltd. is the largest upper midscale hotel chain in China in terms of room number as of the end of 2021, according to Frost &amp; Sullivan. As of June 30, 2022, Atour’s hotel network covered 834 hotels spanning 151 cities in China, with a total of 96,969 hotel rooms.
 
Atour distinguishes itself from peers in the following aspects:
 
Hotel network with a distinct portfolio of lifestyle brands. Atour offers guests a diversified collection of lifestyle hotel brands, each created with a unique personality under the unified ethos of inclusivity and presence of humanness.
 
"A-Card" loyalty program with strong customer stickiness. Atour built A-Card loyalty program to enhance engagement with guests and provide them with a unique and personalized experience.
 
Proprietary data and technology capabilities. To provide customers with personalized services and products, Atour has developed a comprehensive digital management system, which improves customer experience and operational efficiency in room reservation, room management, pricing and membership benefits.
 
In addition, Atour is the first hotel chain in China to develop a scenario-based retail business.
Congratulations again to Atour Lifestyle Holdings Ltd. (ATAT.US) on its successful listing. The issue price is USD 11 per ADS, and the amount of funds raised is USD 52.25 million.
 
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Congratulations to Atour Lifestyle Holdings Ltd. (ATAT.US) on its Successful Listing

Zibuyu Group Ltd. has been successfully listed on the Mainboard of HKSE on 11 November 2022. AVISTA Group is honored to be engaged in providing financial instrument related valuation services.
 
Zibuyu Group Ltd. is one of the largest cross-border e-commerce companies in China, which focuses on sales of clothing and footwear products through third-party e-commerce platforms. According to Frost Sullivan's data, based on the GMV in 2021, Zibuyu ranks third among all platform sellers in China's cross-border export B2C e-commerce apparel and footwear market, accounting for 0.4% of the market share in the RMB 596.5 billion market. In addition, based on the GMV generated in North America in 2021, Zibuyu ranks first among all platform sellers in China's cross-border export B2C e-commerce apparel and footwear market, and accounts for 0.7% of the market share in the RMB 303 billion market.
 
The company has a strong design team with extensive experience in designing with the support of their extensive database and big data analysis, and the capability to quickly identify fashion trend and address customers’ evolving needs, extensive experience in the digital management and integration of supply chain, thereby holding leading position in the industry, strong self-owned brands and extraordinary brand cultivation capability and effective e-commerce operating capabilities. All the above competitive strengths have contributed to their success.
 
Congratulations again to Zibuyu Group Ltd. (2420.HK) on its successful listing. The issue price of the shares is HKD 7.86 per share, and the maximum amount of funds raised is HKD 198 million.
 
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Congratulations to Zibuyu Group Ltd. (2420.HK) on its Successful Listing

Our Managing Partner, Mr. Vincent Pang was pleased to be invited to be a guest speaker of the webinar on “Decoding on ESG x Insurance”, co-organized by Life Underwriters Association of Hong Kong Limited (LUAHK) and Institute of ESG &amp; Benchmark (iESGB) on 30 September 2022.
 
In light of the growing concerns over ESG risks and opportunities to the insurance industry, the webinar aimed to cover ESG integration into the industry and explore the potential impact of ESG on insurance company, investment policy and their investment portfolio.
 
As a council member of iESGB, Vincent shared his point of view on positioning of insurance agents in ESG development and provided practical advice for insurers on how to incorporate ESG into their corporate strategy, underwriting policy and investment decision to enhance their overall business resilience and ESG performance with his extensive industry knowledge.
 
ESG issues are playing a significant role in the impact of corporations with a heightened attention. AVISTA always upholds our business philosophy to build awareness among enterprises and individuals to boost the development of ESG, making our society to be more sustainable.
 
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As the Speaker of LUAHK x iESGB Webinar – “Decoding on ESG x Insurance”

AVISTA was pleased to be invited once again by the China Appraisal Society (CAS) to offering an online training on the topic of Financial Instruments and Assets Valuation.
 
Our Shanghai office Senior Manager of Business Valuation Advisory Services, Ms. Irene Ma, gave a presentation with fellow asset valuer on the topic of preferred shares or common shares with preferential right embedded and common valuation issues involved in share-based payments, following with an in-depth exploration on case studies to develop conceptual understanding on related topic.
 
Leverage our extensive industry expertise in business valuation, AVISTA always supports young talents in their professional aspiration.
 
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As the Speaker of China Appraisal Society (CAS) Financial Instruments and Assets Valuation Training

Zhejiang Lingpao Technology Co., Ltd. has been successfully listed on the Mainboard of HKSE on 29 September 2022. AVISTA Group is honored to be engaged in providing Equity Value, Financial Instrument, Employee Stock Ownership Plan and Asset Impairment test related valuation service.
 
Zhejiang Lingpao Technology Co., Ltd. is an innovative intelligent electric vehicle enterprise. The business scope of the company covers intelligent electric vehicle design, R&amp;D and manufacturing, intelligent driving, motor electronic control, battery system development and cloud-based vehicle networking solutions.
 
The company has full-suite of R&amp;D capabilities, diverse portfolio of smart EVs, proven ability to rapidly expand vehicle portfolio, advanced autonomous driving and smart cockpit technologies, and visionary management team with proven ability to execute. Being the most vertically integrated pure-play EV maker in China, their full-suite of R&amp;D capabilities and in-house production of all core systems and electronic components allow them to simplify and streamline their supply chain with lower procurement and production costs. The above strengths are the company’s competitive edge contributing to their success.
 
Congratulations again to Zhejiang Lingpao Technology Co., Ltd. (9863.HK) on its successful listing. The issue price of the shares is between HKD 48 per share, and the maximum amount of funds raised is HKD 6.06 billion.
 
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Congratulations to Zhejiang Lingpao Technology Co., Ltd. (9863.HK) on its Successful Listing

As a partner of Cyberport Professional services Network (CPN), AVISTA was pleased to be invited by Hong Kong Cyberport once again to host a training session on the topic of “ESGTech-exclusive Capitalize on Emerging ESG Trends to Capture Market and Funding Opportunities” followed by a start-up workshop, providing one-on-one business consultation for start-ups on 27 September 2022.
 
CPN is a platform striving to accelerate the growth of start-ups and support their strategic value generation by connecting the right service providers and the suitable community companies.
 
Eight start-ups from the Cyberport community received personalized consultations from our Managing Partner, Mr. Vincent Pang, our Principal of Risk Management Advisory, Ms. Sabrina Lam and our Senior Manager of Business Valuation Advisory, Mr. Leo Lee, at the event. By leveraging their business acumen, thorough analysis and customized suggestions on the business ESG plan and valuation strategy were provided to these startup companies.
 
AVISTA believes that sharing our knowledge and expertise through reinforced partnership could springboard more start-up success, shaping our society into a more sustainable world.
 
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