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JunHe Wins Two Awards at the Fourth Golden Line Awards


On January 4, 2024, Golden Line Vision (金线视野) announced the winners of its Fourth Golden Line Awards 2023. JunHe won the Golden Line Non-Litigation Impact Award - Capital Markets and Investment & Financing in the deal category and the Golden Line Legal Technology and AI Application Award.

Initiated by Gaoshan LEGAL and Wolters Kluwer and organized by Golden Line Vision, the Golden Line Awards were launched by China’s legal community and practitioners. The winners were selected by professors from the law schools of top universities in China, management of law associations, and general counsels of large enterprises.

Golden Line Non-Litigation Impact Award - Capital Markets and Investment & Financing: JunHe Advised Atour on its IPO on the Nasdaq

On November 11, 2022, Atour Lifestyle Holdings Limited (“Atour”) successfully completed its IPO on the Nasdaq, the first IPO in China’s new lodging economy. Atour issued 4.75 million American Depositary Shares (ADSs) at a price of USD 11 per ADS, with the scale of over-allotment not exceeding 712,500 ADSs. The total amount raised was USD 60.1 million (if the over-allotment options are exercised in full). This was the first Chinese IPO to issue ADSs in the United States since mid-2021 with a valuation of approximately USD 1.5 billion and was deemed an ice-breaking U.S. IPO for Chinese enterprises. Since 2020, JunHe has acted as the issuer’s domestic legal counsel for this project. Against a backdrop of major changes in the regulatory environment, JunHe’s team adjusted their work plan and resource allocation based on the latest developments, and provided comprehensive, high-quality and efficient legal services for the issuer. They assisted in the cross-border restructuring of Atour, the establishment of the overseas listing structure, the equity transfer, the resolution of potential disputes, the data compliance and cybersecurity review and communicated with the domestic and overseas securities regulatory authorities.

The JunHe team was led by partners WANG, Yi, SUN, Xiaojia and HE, Tingcai (Lawrence HO) . Partner HE, Tingcai (Lawrence HO)  was responsible for the specific work.

Following its IPO on the Nasdaq, Atour completed two consecutive secondary offerings of ADSs in June and December 2023 (in an aggregate amount of approximately USD 260 million, all of which were held by Legend Capital). JunHe acted as the PRC legal counsel to both Legend Capital and Atour in these transactions. By conducting the legal due diligence in China, drafting the legal opinions and providing other comprehensive, high-quality and efficient legal services to the relevant parties, JunHe’s team assisted the clients in successfully completing the transactions.

Golden Line Legal Technology and AI Application Award: JHKMS

JHKMS is a one-stop knowledge management platform that JunHe has used to implement the digital management of knowledge assets. Since its official launch in early 2022, JHKMS has helped the firm realize knowledge sharing and transfers through practice guidance, joint research and system training both online and offline. While promoting the standardization of documents, it has enhanced JunHe’s brand image and assisted its lawyers to build new capabilities to provide clients with professional services. JunHe has always attached great importance to integrated management and digital operation and the establishment of the knowledge management system enables the firm to achieve outstanding integrated management in terms of organization, policies, talent and culture. In 2022, JHKMS won the 2022 China MIKE Award and the 2022 China MIKE Best Technological Innovation Award. Known as the “Oscar” of the knowledge management industry, the China MIKE Award is the highest honor in the field of international knowledge management. JunHe is the first Chinese law firm to ever receive the MIKE Award.

In the course of its 35 years’ development, JunHe pursues excellence and has completed many milestone projects. It will make every endeavor to achieve more success.

JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.
As the first carbon neutrality fund sponsored by a law firm in China, the BAF Carbon Neutrality Special Fund was jointly established by JunHe and the Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, and encourage social collaboration based on the public fundraising platform to mobilize engagement in public welfare campaigns.