Business Valuation

Congratulations to Boqii Holding Ltd. (stock code: BQ.US) on its successful listing on NYSE on 30 September 2020. With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to preferred shares, convertible notes, warrants, M&amp;A transactions, financial assets and employee stock option plan of the company.
 
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Congratulations to Boqii Holding Ltd. (Stock Code: BQ.US) on its Successful Listing

On April 19, 2024, The Stock Exchange of Hong Kong Limited (the Exchange) released its Consultation Conclusions on the enhancement of climate-related disclosures under its environmental, social, and governance (ESG) framework.
Taking into account market feedback and aligning with the Hong Kong Government's sustainability disclosure vision and the International Sustainability Standards Board’s (ISSB) jurisdictional guide preview, the proposals were adjusted to closely reflect IFRS S2 Climate-related Disclosures (IFRS S2) as outlined in the Consultation Conclusions (New Climate Requirements).
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The New Climate Requirements, based on IFRS S2, introduce implementation reliefs including proportionality and scaling-in measures to address reporting challenges that may be faced by issuers. 
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Along with that, the amended Listing Rules will be effective from January 1, 2025.
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Check out the <a href="https://www.hkex.com.hk/-/media/HKEX-Market/News/Market-Consultations/2016-Present/April-2023-Climate-related-Disclosures/Conclusions-Apr-2024/cp202304cc.pdf" target="_blank" rel="noopener">Consultation Conclusions</a> document for more details.

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Consultation Conclusions on Enhancement of Climate-related Disclosures under the ESG Framework

Congratulations to Zhibao Technology Inc. (ZBAO.US) on its successful listing on NASDAQ on 2 April 2024.
 
Zhibao Technology Inc. (“Zhibao”) is the pioneer and market leader in the 2B2C embedded digital insurance solutions market in China. Zhibao has developed 40+ innovative and customized insurance solutions covering a wide range of industries. Zhibao's proprietary, PaaS-based digital insurance brokerage platform is the first in the 2B2C digital insurance brokerage sector in China, which empowers our business to expand and scale up rapidly.
 
With regard to this listing application, AVISTA Group is honoured to be engaged in providing valuation services in relation to equity value, restricted stock and employee share option.
 
Congratulations again to Zhibao Technology Inc. (ZBAO.US) on its successful listing. The issue price is USD 4 per share, and the amount of funds raised is USD 6 million.
 
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Congratulations to Zhibao Technology Inc. (ZBAO.US) on its Successful Listing

AVISTA Group was delighted to be invited by Hong Kong Securities and Investment Institute (HKSI) to serve as the project sponsor of Institute Case Competition 2024. Our Managing Partner, Mr. Vincent Pang, and Principal of Risk Management Advisory Services, Ms. Sabrina Lam, were honored to coach the participants of the case competition.
 
This year, the theme of the case competition is a sustainability research project. The topic of the initial round of the competition, "Advancing the net-zero journey: Carbon asset and carbon trading opportunities," was set by AVISTA Group. Mr. Pang and Ms. Lam have chosen one group of the best performers among five to advance to the semi-final round. All groups demonstrated strong analytical skills and delivered outstanding performances in the initial round. During the award presentation ceremony yesterday, Mr. Pang presented the award to Group Future Picasso, the semi-finalist selected by AVISTA Group. We extend our thanks to all the groups for their efforts and offer congratulations to all the semi-finalists and finalists.
 
As a leading professional advisory firm, AVISTA is privileged to have the opportunity to share our expertise and contribute to the development of future business leaders through initiatives like the HKSI Institute Case Competition.
 
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