On 12 January 2023, Beijing SinoHytec Co., Ltd. (“SinoHytec”), a company listed on the SSE STAR Market (Stock code：688339.SH), successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited (“Stock Exchange”) (Stock code: 2402) and became the first SSE STAR Market listed company to be listed on the Stock Exchange in 2023.
SinoHytec is a leading provider of fuel cell systems in China, focusing on the design, development and manufacture of fuel cell systems and stacks mainly for commercial vehicles, such as buses and trucks. SinoHytec ranked first in the PRC fuel cell system market in terms of the total power output of fuel cell systems sold in 2021, with a market share of 27.8%. As of June 30, 2022, SinoHytec’s fuel cell systems were installed on 80 models of fuel cell vehicles that are featured in the MIIT New Energy Vehicle Catalogs, ranking us first in the industry.
DeHeng Law Offices, acting as legal advisors to the issuer as to PRC laws, formed a project team led by partners Zhang Jiejun and Qiu Ru, and supported by Peng Hong, Gu Yatao, Liu Yuanjun and Wang Xin; Chungs Lawyers (in association with DeHeng Law Offices), acting as legal advisors to the issuer as to Hong Kong laws, also formed a project team to fully participate in and facilitate the project.
Both project teams worked closely and actively with SinoHytec, its sponsors and other professional parties to provide professional, comprehensive and efficient legal services for this project.