Happy Chinese New Year! Wishing you and your loved ones a joyful and prosperous new year. May the year of the Rabbit bring you good health, immense fortune, and great success in every aspect of your life.
 
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2023 Chinese New Year Greetings from AVISTA Group

DPC Dash Ltd. has been successfully listed on the Mainboard of HKSE on 28 March 2023. AVISTA Group is honored to be engaged in providing valuation services in relation to preferred common stock, equity incentives, stock appreciation rights, goodwill impairment testing and expected credit loss of financial assets for financial reporting purposes, and providing valuation services related to the total equity of Domino's subsidiaries for tax purposes. 
 
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DPC Dash is the exclusive master franchisee of Domino’s Pizza in mainland China, Hong Kong and Macau. Domino’s Pizza, Inc., is the world’s largest pizza company in terms of 2022 global retail sales.
 
As of the Latest Practicable Date, they operated 604 stores across 17 cities in mainland China.
 
DPC Dash has created a unique business model by localizing its key features for China’s market. By combining the globally recognized Domino’s playbook with their knowledge of China, they have developed a unique business model that is purpose-built for serving Chinese consumers delicious, value for money pizza through online channels, with an emphasis on delivery, enhanced by technology. According to the Frost &amp; Sullivan Report, DPC Dash is the only pizza company in China to have a 30-minute delivery promise serving customers across all sales channels, providing higher quality food and provide better customer experience, as one of the competitive edges to set them apart from competitors.
 
Leveraging a unique and focused business model, DPC Dash has experienced rapid growth and improving profitability, with revenue increasing by 45.9% from RMB1,104.1 million in 2020 to RMB1,611.3 million in 2021 and increasing by 25.4% % to RMB2,020.8 million in 2022. Meanwhile, the store numbers in their network also increased from 268 in 2020 to 588 stores in 2022, with an increase of 119.4%.
 
Congratulations again to DPC Dash Ltd. (1405.HK) on its successful listing. The issue price is HKD 46 per share, and the amount of funds raised is HKD 589 million.

Congratulations to DPC Dash Ltd. (1405.HK) on its Successful Listing

Our Managing Partner, Mr. Vincent Pang, was pleased to be invited by the Business School of The Hong Kong University of Science and Technology (HKUST) to co-host a seminar – “Pathways to Be Professional in Business Valuation, Risk Management and ESG” recently, sharing insights into the advisory industry to the classroom.
 
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<h6>A group photo with HKUST's students after the seminar</h6>
 
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<h6>Our Managing Partner, Mr. Vincent Pang shared industry insights during the seminar                                 Our Senior Analyst, Mr. Kelvin Wong shared his journey of becoming a professional analyst</h6>
 
Leveraging his industry experience and expertise, Vincent introduced the prospect and offered comprehensive in-house knowledge with advice to the students to prepare themselves as an all-around corporate advisor. Our senior analyst cum alumnus of HKUST Business School, Mr. Kelvin Wong also joined Vincent to share his journey of becoming a professional business analyst in AVISTA and provide exposure to career possibilities and support to these future leaders.
 
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<h6>AVISTA received a souvenir from HKUST</h6>

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As the Speaker of HKUST Business School Seminar – “Pathways to Be Professional in Business Valuation, Risk Management and ESG”

The "Kangqiao Town 2023 Economic Work Conference and Key Project Signing and Commencement Ceremony" was held in Pudong New Area, Shanghai on 10 March, reviewing achievements and recognizing outstanding enterprises that have made significant contributions in Kangqiao Town in 2022.
 
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<h6>AVISTA received ‘2022 Enterprises Promoting Economic Development of Kangqiao - High Quality Development Award’ </h6>
 AVISTA Shanghai is honored to be selected as an enterprise that has made outstanding contributions to promote the economic development of Kangqiao Town and to be bestowed with the "High-Quality Development Award".
 
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<h6>Our Assistant Manager, Ms. Jaime Jiang attended the conference on behalf of AVISTA Group                 2022 Enterprises Promoting Economic Development of Kangqiao - High Quality Development Award</h6>
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This recognition serves as both a testament to our unwavering commitment and motivation for us to continue striving towards excellence and make greater contribution to our society.
 
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<h6>High Quality Development Award certificate and trophy</h6>