Property Valuation

Congratulations to Shanghai Bao Pharmaceuticals Co., Ltd.（2659.HK） on its successful Listing on the Mainboard of HKSE on 10 Dec 2025.
Shanghai Bao Pharmaceuticals Co., Ltd. is a clinical-stage biotechnology company leveraging synthetic biology technology to develop and deliver recombinant biologic drugs in China, targeting conditions with limited treatment options and complex manufacturing challenges.
  Shanghai Bao Pharmaceuticals Co., Ltd. has strategically focused on creating biologic drugs that elevate treatment standards by replacing biochemically extracted products derived from animal organs, blood or urine, or otherwise upgrading the current treatments.
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services for two industrial properties located in Baoshan District, Shanghai City, the PRC.
Congratulations again Shanghai Bao Pharmaceuticals Co., Ltd.（2659.HK） on its successful listing. The issue price of the shares is HKD 26.38 per share, and the amount of funds raised is HKD1,000.1 million.
 
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Congratulations to Shanghai Bao Pharmaceuticals Co., Ltd.（2659.HK） on its Successful Listing

AVISTA Group and Xinghua Group are pleased to announce a strategic partnership, marking a new chapter in professional services integration and digital transformation. Founded in 1992, Xinghua Group is one of China’s most influential professional service providers, with a comprehensive platform spanning asset appraisal, real estate valuation, mining valuation, accounting services, architectural engineering services, and engineering technical expert service, and more. With over three decades of experience and a strong presence in China’s capital markets, Xinghua Group brings deep industry knowledge and a broad client base, including large state-owned enterprises. This collaboration combines AVISTA’s expertise in emerging industries—such as advanced technology, media, telecommunications, biotech, new energy, and ESG—with Xinghua’s extensive local experience.
 
 Together, we will leverage our complementary strengths and shared resources to deliver end-to-end professional services, supporting clients in cross-border investments, overseas listings, and complex transactions worldwide. This partnership underscores our commitment to providing high-quality, integrated solutions and shaping the future of the professional services industry.
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AVISTA Group and Xinghua Group Announce Strategic Partnership to Drive Integrated Professional Services in Mainland China

Congratulations to X.J. Electrics (Hu Bei) Co., Ltd (2619.SEHK) on its successful Listing on the Mainboard of HKSE on 25 June 2025 
X.J. Electrics (Hu Bei) Co., Ltd (X.J. Electrics) are a manufacturer of lifestyle household goods in the PRC. X.J. Electrics mainly operate on ODM/OEM basis and have built a customer portfolio comprising globally reputable and long-standing names, such as Walmart, Telebrands, SEB, Sensio, Hamilton Beach and Philips etc. With X.J. Electrics capability to design, develop and manufacture a range of small home appliances, we have gained recognition in our small kitchen appliances. 
With regard to this listing application, AVISTA Group is honored to be engaged in providing ESG consulting services, as well as valuation services for various properties located in Guangdong Province and Hubei Province, the PRC. 
Congratulations again to X.J. Electrics (Hu Bei) Co., Ltd (2619.SEHK) on its successful listing. The issue price of the shares is HKD 2.86 per share, and the amount of funds raised is HKD 195.11 million. 
 
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Congratulations to X.J. Electrics (Hu Bei) Co., Ltd (2619.SEHK) on its successful Listing on the Mainboard of HKSE on 25 June 2025 

AVISTA was pleased to be invited once again by the China Appraisal Society (CAS) to offering an exclusive training workshop on the topic of Financial Instruments and Assets Valuation.
 
Our Managing Partner, Mr Vincent Pang and our Shanghai office Senior Manager of Business Valuation Advisory Services, Ms. Irene Ma, gave a presentation with fellow appraisers on the topic of preferred shares or common shares with preferential right embedded and derivative financial instruments valuation methods, following with an in-depth exploration on case studies, and practical exercises to enhance participants’ understanding and application of valuation principles.
 
With our profound expertise in business valuation and extensive industry knowledge, AVISTA Group consistently imparts valuable insights to young talents, empowering them to remain at the forefront of market trends and professional knowledge.
 
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As the Speaker of China Appraisal Society Financial Instruments and Assets Valuation Training

The "Kangqiao Town 2023 Economic Work Conference and Key Project Signing and Commencement Ceremony" was held in Pudong New Area, Shanghai on 10 March, reviewing achievements and recognizing outstanding enterprises that have made significant contributions in Kangqiao Town in 2022.
 
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<h6>AVISTA received ‘2022 Enterprises Promoting Economic Development of Kangqiao - High Quality Development Award’ </h6>
 AVISTA Shanghai is honored to be selected as an enterprise that has made outstanding contributions to promote the economic development of Kangqiao Town and to be bestowed with the "High-Quality Development Award".
 
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<h6>Our Assistant Manager, Ms. Jaime Jiang attended the conference on behalf of AVISTA Group                 2022 Enterprises Promoting Economic Development of Kangqiao - High Quality Development Award</h6>
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This recognition serves as both a testament to our unwavering commitment and motivation for us to continue striving towards excellence and make greater contribution to our society.
 
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<h6>High Quality Development Award certificate and trophy</h6>

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AVISTA received ‘2022 Enterprises Promoting Economic Development of Kangqiao - High Quality Development Award’ 

Shanghai Chicmax Cosmetic Co., Ltd. has been successfully listed on the Mainboard of HKSE on 22 December 2022. AVISTA Group is honored to be engaged in providing market value of various properties located in the PRC and Japan and the fair value of the share-based incentive plans related valuation services. 
 Shanghai Chicmax Cosmetic Co., Ltd. is a leading multi-brand cosmetics company in China, focusing on development, manufacturing and sales of skincare and maternity and childcare products. The company has successfully launched a couple of cosmetics brands in China, primarily including KANS, One Leaf and Baby Elephant, with a focus on the mass market and the implementation of multi-brand strategy.
 
Chicmax’s strong independent R&amp;D capabilities are critical to its success. Approximately 20 years’ accumulation of experience and expertise are underscored by our Sino-Japan dual R&amp;D center system enabling them to stay close to the latest technological developments in the global cosmetics industry.
 
Chicmax manages an extensive sales and distribution network covering a variety of online and offline channels, to effectively achieve consumer coverage and market penetration. They have continuous innovation of marketing strategies to adapt to the evolving media platforms to raise brand power and enhance brand image and possess outstanding cross-border supply chain management capabilities and self-owned production facilities ensuring product quality and flexible production.
 
According to the Frost &amp; Sullivan Report in 2021, Chicmax has ranked among the top five Chinese domestic cosmetics companies in terms of retail sales for seven years from 2015 to 2021.
 
Congratulations again to Shanghai Chicmax Cosmetic Co.,Ltd. (2145.HK) on its successful listing. The issue price is HKD 29.80 per share, and the amount of funds raised is HKD 910.4 million.
 
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Congratulations to Shanghai Chicmax Cosmetic Co., Ltd. (2145.HK) on its Successful Listing

AVISTA was pleased to be invited by The Hong Kong Institute of Surveyors (HKIS) to be the Silver Sponsor of Annual Conference 2021.
The HKIS Annual Conference was held by hybrid mode while allowing live-streaming online and physical attendance in Grand Hyatt Hong Kong. Our Senior Manager of Valuation Department, Ms Sarah Lee, was pleased to be invited to present in the conference.
The conference’s theme is ‘Surveying into the New Reality’ this year. It has deliberated on the impacts brought by the pandemic, discussed how surveyors should adapt to new practices under the new normal and exploring more exciting possibilities in the upcoming prospects of the surveying industries.
 
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