On January 9, 2024, Changjiu Holdings Limited (“Changjiu Holdings”) was successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited (the “HKEx”).
Changjiu Holdings provides pledged vehicle monitoring services and automobile dealership operation management services in China. It is the largest pledged vehicle monitoring service provider in China’s automobile sales and distribution industry, according to its marketing agency. Changjiu Holdings provides one-stop management solutions to automobile dealers and has expanded its automobile dealership operation management services, making it a pioneer in China’s automobile sales and distribution industry.
JunHe acted as the PRC legal counsel to the issuer. It participated in the design and adjustment of the red-chip restructuring plan and the red-chip structuring, conducted comprehensive legal due diligence and issued PRC legal opinions. JunHe’s team reviewed and amended the prospectus and the relevant IPO application and offering documents, prepared the whole set of legal documents filed with the CSRC, and assisted the issuer in responding to the feedback from the CSRC, the SFC and the HKEx in relation to the PRC laws. Changjiu Holdings became one of the first companies to be filed with the CSRC after the new overseas listing regulations came into effect. JunHe’s data compliance team provided great support for the data compliance matters in this project.
The JunHe team was led by partner YU, Yongqiang (YY), and partner SHI, Yun was responsible for the specific work. JunHe partner MA, Rui provided great support for the internal review. The data compliance matters in this project was led by partner DONG, Xiao (Marissa) and partner LIU, Yang was responsible for the specific data compliance work.