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 Green Tea Group Limited. (6831.HK) on its successful Listing on the Mainboard of HKSE on 16 May 2025
Green Tea Group Co., Ltd. (“GreenTea”) focuses on chain restaurant operations. In 2008, Green Tea Group launched its first "Green Tea Restaurant" at the Longjing flagship location. Over the past 17 years, the company has expanded significantly, now operating more than 480 self-owned outlets across 130+ cities nationwide. GreenTea officially launched its overseas development plan in 2024, as of March 2025, there are four outlets in Hong Kong, China. Subsequently, GreenTea will continue to open restaurants in more cities, regions, and countries outside mainland China, bringing the fusion of Chinese culture and culinary feasts to more people around the world who share a passion for high-quality living.
With regard to this listing application, AVISTA Group is honoured to be engaged in providing valuation services related to total equity value and ESO. 
Congratulations again to Green Tea Group Limited. (6831.HK) on its successful listing. The issue price of the shares is 7.19 HKD per share, and the amount of funds raised is 745.79 million HKD.
 
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Congratulations to Green Tea Group Limited (6831.HK) on its Successful Listing

Breton Technology Co., Ltd. (“Breton”) is a China-based provider of electric-powered engineering machinery. Breton designs, develops and commercializes battery-electric engineering machinery with autonomous capabilities and provides intelligent operation services. Breton also designs and develops e-powertrain kits for battery-electric tractor trucks and collaborate with manufacturers to bring these vehicles to market.
With regard to this listing application, AVISTA Group is honoured to be engaged in providing valuation services related to long-term equity investments, financial assets, account receivables, long-term account receivables and guaranteed liabilities. 
Congratulations again to Breton Technology Co., Ltd. (1333.HK) on its successful listing. The issue price of the shares is 18.0 HKD per share, and the amount of funds raised is 147.8 million HKD.
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Congratulations to Breton Technology Co., Ltd. (1333.HK) on its successful Listing on the Mainboard of HKSE on 7 May 2025

Chagee Holdings Limited, originated in Yunnan, China, primarily engaged in the provision of the Chinese-style tea drinks brand – Chagee. It is a leading premium tea drinks brand, which focuses on premium and freshly-made tea, aiming to integrate Eastern culture with the heritage and innovation of tea drinks, creating a new style of Eastern tea house. Founded in 2017, Chagee has expanded from Southwest China to over 30 provinces and autonomous regions, and has opened stores in Southeast Asia, including Malaysia, Singapore, and Thailand, reaching a total of 6,440 stores by 2024.
 
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services related to preferred shares, employee stock option and incremental borrowing rates assessment for financial reporting purposes.
 
Congratulations again to Chagee Holdings Limited (CHA.NASDAQ) on its successful listing. The issue price is USD28 per share, and the amount of funds raised is USD411 million.
 
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