On July 29, 2021, Beijing Kingfore HV & Energy Conservation Technology Corp., Ltd. ("Kingfore Conservation" and " the company"), with JunHe as the lawyer of the issuer, was listed on the main board of the Shenzhen Stock Exchange (stock code: 001210). This offering of 22.69 million A-shares had an issuance price of RMB 28.01 per share. The issuance scale was RMB 636 million. The total net amount of proceeds raised after deducting the issuance expenses was RMB 565 million.
Kingfore Conservation is a well-known HVAC energy conservation service provider in China. Its business is the field of energy-saving heating and mainly engaged in heating operation services, energy-saving transformation services and R & D, and the production and sales of energy-saving products. It is committed to providing customers with efficient and innovative and satisfactory comprehensive urban heating services. Kingfore Conservation has been in the heating industry for nearly 30 years and has a core aim to "warm the world with heart" and a quality management policy of "quality integrity, service efficiency and technological innovation". Kingfore Conservation has adopted a business model of heating investment operation, entrusted management operations and contract energy management. It is involved in investment construction, acquisition, takeover, and contract and other means to obtain the long-term operation and management rights to heating projects.
JunHe, as the lawyer of the issuer, has provided comprehensive, continuous and in-depth legal services for the company's A-share IPO project since 2014. JunHe assisted the company in completing the legal work for this listing such as pre-listing guidance and standardization, application for listing, answering multiple rounds of inquiries from the CSRC, properly handling reports by the issuer, shareholder penetration verification and so on. JunHe's meticulous, professional and experienced legal services have won high recognition from the company and other intermediaries.