Congratulations to our client, CALB Co., Ltd. (stock code: 3931), on its successful listing on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX)

Congratulations to our client, CALB Co., Ltd. (stock code: 3931), on its successful listing on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX) and became the first new energy EV battery company listed in Hong Kong. The fund raised by CALB is around HK$10 billion, ranking third in term of fund raised in the Hong Kong stock market by far this year. This IPO marked the largest listing project of RSM Hong Kong so far and is our first IPO with the assistance of RSM China.

CALB is one of the world's leading new energy technology enterprises with an 8.2% market share for the first quarter of 2022, ranked second among third-party EV battery companies in China and ranked sixth globally among EV battery companies, in terms of installed capacity.

Our Managing Partner, Mr. Eugene Liu, Audit Partners, Mr. Chris Wong and Mr. Robin Szeto, Risk Advisory Director, Mr. Eric Lee and Audit Manager, Mr. David Liu attended the listing ceremony and celebration luncheon to witness the company's turning of a new page in its development. We once again wish CALB Co., Ltd. a great success in the future.