Qingdao AInnovation Technology Group Co., Ltd. (AInnovation, Stock code: 2121.HK) completed the issuance of additional H shares in June 2023 and completed the filing procedures with the China Securities Regulatory Commission (CSRC) for the issuance of additional H shares after listing on 23 October 2023. AInnovation issued 19,900,000 ordinary H shares in this additional offering, raising approximately HK$390 million.
Founded in 2018, AInnovation is a domestic artificial intelligence enterprise with a mission to “empower business with AI technology". Embracing the opportunities presented by the digitalisation, networking, and intelligence of traditional industries, AInnovation continues to innovate and break new ground in areas such as "AI+manufacturing" and "AI+financial services”.
King & Wood Mallesons previously acted as the issuer’s PRC counsel in its IPO and listing on the Hong Kong Stock Exchange in early 2022. In this project, KWM once again acted as the issuer’s PRC counsel, providing comprehensive and efficient legal services to support the issuer throughout the refinancing process.
The team was led by partners Jiang Zhihui and Chen Fuan, with support from Wang Diqing, Liu Juncheng, Wang Simin, and Feng Lirao.
