AVISTA wishes you a happy Chinese New Year! May the Year of the Rat bring you good health and good fortune!
 
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Chinese New Year Greetings from AVISTA Group

AVISTA Group and Xinghua Group are pleased to announce a strategic partnership, marking a new chapter in professional services integration and digital transformation. Founded in 1992, Xinghua Group is one of China’s most influential professional service providers, with a comprehensive platform spanning asset appraisal, real estate valuation, mining valuation, accounting services, architectural engineering services, and engineering technical expert service, and more. With over three decades of experience and a strong presence in China’s capital markets, Xinghua Group brings deep industry knowledge and a broad client base, including large state-owned enterprises. This collaboration combines AVISTA’s expertise in emerging industries—such as advanced technology, media, telecommunications, biotech, new energy, and ESG—with Xinghua’s extensive local experience.
 
 Together, we will leverage our complementary strengths and shared resources to deliver end-to-end professional services, supporting clients in cross-border investments, overseas listings, and complex transactions worldwide. This partnership underscores our commitment to providing high-quality, integrated solutions and shaping the future of the professional services industry.
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AVISTA Group and Xinghua Group Announce Strategic Partnership to Drive Integrated Professional Services in Mainland China

AVISTA had the honor of being invited as a speaker by the China Appraisal Society (CAS) for the Financial Instruments Valuation Training. This training, held during 26-28 August 2025, in Weihai, provided a platform for industry experts to share insights and knowledge with certified practicing valuers in the PRC.
 
Our Managing Partner, Mr. Vincent Pang, delivered a professional presentation on "Expected Credit Loss (ECL) and Preferred Shares Valuation Practice." Through real-world case studies, he provided practical insights into building ECL models, estimating key parameters, and addressing special clauses and terms in preferred shares valuation. His session helped participants deepen their understanding of financial instrument valuation and enhance their practical skills. AVISTA Group remains committed to supporting professional development in the asset appraisal industry. By sharing our expertise and promoting knowledge exchange, we aim to foster talent, encourage best practices, and contribute to the sustainable growth of the industry.
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As the Speaker of China Appraisal Society (CAS) for the Financial Instruments Valuation Training

Congratulations to Nanjing Leads Biolabs Co., Ltd. (9887.HK) on its successful Listing on the Mainboard of HKSE on 25 July 2025
Nanjing Leads Biolabs Co., Ltd. is a clinical-stage biotechnology company focused on the discovery, development, and commercialization of new therapies in oncology, autoimmune, and other severe diseases.
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services on share reform, ODI valuation; and valuation services related to financial reporting purposes such as share-based compensation, preferred shares and convertible bonds.
Congratulations again Nanjing Leads Biolabs Co., Ltd. (9887.HK) on its successful listing. The issue price of the shares is HKD35 per share, and the amount of funds raised is 1.29 billion HKD.
 
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