Congratulations to Shanghai Able Digital Science&Tech Co., Ltd.（2687.HK） on its Successful Listing

Shanghai Able Digital Science&Tech Co., Ltd. (“Able Digital”) is a reputable digital teaching and learning solution provider for higher education institutions in China, committed to the provision, delivery and operation of digital educational content and digital teaching and learning environment services and products for higher education institutions. Able Digital offerings cover all critical aspects from teaching, learning, practicing, testing and evaluating to administrating. According to Frost & Sullivan, Able Digital ranked second in terms of revenue among all companies in China’s higher education teaching and learning digitalization market with a market share of 4.0% and first in terms of revenue among all companies in China’s higher education digital educational content production market with a market share of 7.3% in 2024.

With regard to this listing application, AVISTA Group is honored to be engaged in providing ESG advisory services.

Congratulations again Shanghai Able Digital Science&Tech Co., Ltd. （2687.HK） on its successful listing. The issue price of the shares is  HKD67.50 per share, and the amount of funds raised is HKD 450 million.