IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
Xunfei Healthcare 02506.HK	Application Software	82.8	50	N/A	2024/12/23	Data is not available	2024/12/30
InnoScience 02577.HK	Semiconductors & Semiconductor Equipment	30.86-33.66	100	3,400	2024/12/23	Data is not available	2024/12/30
HealthyWay 02587.HK	Health Care Services	7.8-8.8	500	4,444	2024/12/23	Data is not available	2024/12/30

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

Xunfei Healthcare
02506.HK

Application Software

82.8

N/A

2024/12/23

Data is not available

2024/12/30

InnoScience
02577.HK

Semiconductors & Semiconductor Equipment

30.86-33.66

100

3,400

2024/12/23

Data is not available

2024/12/30

HealthyWay
02587.HK

Health Care Services

7.8-8.8

500

4,444

2024/12/23

Data is not available

2024/12/30

Summary

We are an integrated IT solutions services provider in the education and government IT solutions markets in Guangxi with an operating history of over 20 years. According to the F&S Report, we had a market share of 1.3% and 0.08% in the education IT solutions market and the government IT solutions market in Guangxi, respectively, in terms of revenue in 2022. We have completed more than 300 projects of different scales across majority of the cities in Guangxi during the Track Record Period. For the years ended 31 December 2020, 2021 and 2022 and the four months ended 30 April 2023, our revenue generated from services provided to customers in the education sector accounted for 82.8%, 57.2%, 81.3% and 83.8% of our total revenue, respectively. In 2018, leveraging our in-depth local industry knowledge and experience and in view of the business opportunities in the government IT solutions market emerging from favourable policies and regulations implemented by the PRC Government, we extended our provision of customised integrated IT solutions services to customers in the government sector through replicating our operation model in the education sector, with an aim to assist customers in the government sector in relation to digitalised government development. For the years ended 31 December 2020, 2021 and 2022 and the four months ended 30 April 2023, our revenue generated from services provided to customers in the government sector accounted for 11.5%, 31.6%, 3.7% and 2.4% of our total revenue, respectively. We consider the expansion to the government sector as diversification of our business operation. Therefore, going forward, we intend to continue to place strategic focus on the provision of customised integrated IT solutions services to customers in the education sector, whilst we will pursue and diversify our business by providing customised integrated IT solutions services to customers in the government sector, when any suitable business opportunities arises. We experience seasonal fluctuations in our operation. In particular, a majority of our revenue derived from integrated IT solutions services is recognised upon the user acceptance tests are passed, which are carried out and normally completed in the fourth quarter of the year. We also recorded net losses for the four months ended 30 April 2022 and 2023 which was primarily due to seasonality effect of our business operation. Source: Maiyue Technology (02501) Prospectus (IPO Date : 2023/09/28)
Listing Market	MAIN
Industry	IT Consulting & Other Services
Background	Others
Major Business Area	N/A

Corporate Information

Substantial Shareholders	Li Changqing & Associates (61.20%) Chan Eong Liat Jason (7.32%) Ye Shanmin (6.00%)
Directors	Li Changqing (Chairman and Chief Executive Officer and Executive Director) Deng Caidie (Deputy General Manager and Executive Director) Wang Yufei (Deputy General Manager and Executive Director) Hui Chi Chung Nevi (Executive Director) Zhang Guangbai (Executive Director) Hou Chang (Independent Non-Executive Director) Hu Zhongqiang (Independent Non-Executive Director) Lin Peigan (Independent Non-Executive Director)
Company Secretary	Li Hoi Mei Yeung Kwong Wai
Principal Bankers	Guilin Bank Co., Ltd.
Solicitors	Zhong Lun Law Firm Deacons
Auditors	KPMG
Registered Office	Unit 808-809, Level 8, Cyberport 1, 100 Cyberport Road, Hong Kong
Share Registrars	Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No	(852) 2980-1333
Internet Address	http://www.maiyuesoft.com/
Email Address	maiyue@maiyuesoft.com
Tel No	(86 400) 0020-110
Fax No

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