Congratulations to Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. (9663.HK) on its Successful Listing

Congratulations to Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. (9663.HK) on its successful listing on the Mainboard of HKSE on 5 December 2023.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. (“Sino-Synergy”) is a leading technology-based hydrogen fuel cell company in the PRC focusing on research, development, production and sales of hydrogen fuel cell stacks and hydrogen fuel cell systems. Through continued technological innovations and product iterations, Sino-Synergy has contributed to the transformation of the hydrogen fuel cell industry as well as the development and commercialization of the hydrogen energy technologies in the PRC since the establishment.

With regard to this listing application, AVISTA Group is honored to be engaged in providing professional services on the fair value of esop and derivative financial instruments, as well as assets impairment testing related to long-term equity investments, intangible assets and fixed assets.

Congratulations again to Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. (9663.HK) on its successful listing. The issue price is HKD 19.66 per share, and the amount of funds raised is HKD 1.456 billion.