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

Congratulations to Dmall Inc. (2586.HK) on its successful Listing on the Mainboard of HKSE on 6 December 2024
 
Dmall Inc. (“Dmall”) is one of the largest retail digitalization solution service providers in China, offering retail digitalization solutions to leading retailers in the local retail industry. The company has served most of the leading retail enterprises in China and has successfully expanded its business to other countries and regions outside of China. As of June 30, 2024, including Hong Kong and Macao in China, as well as Cambodia, the Philippines, Malaysia, Indonesia, Singapore, Poland, and Brunei, the company's overseas revenue has exceeded the billion-yuan mark.
 
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to purchase price allocation analysis, goodwill impairment test, financial assets and property.
 
Congratulations again to Dmall Inc. (2586.HK) on its successful listing. The issue price is HKD 30.21 per share, and the amount of funds raised is HKD 778.6million.
 
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Congratulations to Dmall Inc. (2586.HK) on its Successful Listing

We are pleased to announce that our Managing Partner, Mr. Vincent Pang and our Director of Risk Management Advisory Services, Ms. Sabrina Lam have once again been invited by the Hong Kong Institute of Certified Public Accountants (HKICPA), for the sixth consecutive year, to serve on the Review Panel for the Best Corporate Governance (CG) and ESG Awards 2024.  Additionally, Ms. Lam has served as an organizing committee member of the Award since 2023, providing her professional knowledge and insights to the Awards. AVISTA is honored to sponsor these prestigious awards. The Awards Presentation Luncheon took place successfully at the JW Marriott Hotel Hong Kong on November 25th.
 
These awards highlight the critical importance of robust corporate governance and effective environmental, social, and governance (ESG) practices for listed companies and public sector/not-for-profit organizations, along with their investors and stakeholders. They serve as a catalyst for companies and organizations to strive for excellence in CG and ESG, encouraging them to weave these principles into their core values, strategies, and operations.
 
This year, 38 outstanding awardees were recognized, featuring leading companies in Hong Kong or even around the globe, including CLP Holdings Limited, MTR Corporation Limited, COSCO SHIPPING Ports Limited, Alibaba Group Holding Limited, Geely Automobile Holdings Limited, WuXi Biologics (Cayman) Inc, among others.
 
As a premier provider of CG and ESG advisory services, AVISTA is thrilled to witness significant progress in CG and ESG reporting standards among corporations. We look forward to seeing more companies raise their standards in the future. Our commitment to sustainability remains steadfast, and we will continue to offer our support in this important area.
 
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As a Reviewer and a Sponsor of the Best Corporate Governance (CG) and ESG Awards 2024 Organized by Hong Kong Institute of Certified Public Accountants (HKICPA)

AVISTA Group is pleased to announce that we have become a collaborating firm of Andersen Global. As a collaborating firm of Andersen Global, AVISTA Group is able to bring the benefits and resources of a global firm to its clients in a seamless manner. Through its member and collaborating firms, Andersen Global has one of the largest global footprints among multinational, multidisciplinary professional services firms.
 
<a href="https://online.andersen.com/e/mhecgur5lrhvjcg">Andersen Global</a> is an international association of legally separate, independent member firms comprised of tax, legal, and valuation professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 18,000 professionals worldwide and a presence in over 500 locations through its member firms and collaborating firms.
 
By collaborating with Andersen Global, AVISTA Group gains access to cutting-edge industry trends, regulatory updates, and innovative solutions in the valuation domain. This strategic collaboration reinforces our commitment to providing outstanding advisory services and solidifies our position as a premier professional advisory firm in the Greater China region and the global arena.
 
<a href="https://online.andersen.com/24/1741/november-2024/andersen-advances-global-valuation-practice-in-10-asia-pacific-countries.asp?sid=419686f5-89bf-4978-85e4-0d68c7c805ac" target="_blank" rel="noopener">Click to view the announcement.</a>