IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
Minieye Tec 02431.HK	Application Software	17-20.2	200	4,081	2024/12/20	2024/12/24	2024/12/27
Xunfei Healthcare 02506.HK	Application Software	82.8	50	N/A	2024/12/23	2024/12/27	2024/12/30
InnoScience 02577.HK	Semiconductors & Semiconductor Equipment	30.86-33.66	100	3,400	2024/12/23	2024/12/27	2024/12/30
HealthyWay 02587.HK	Health Care Services	7.8-8.8	500	4,444	2024/12/23	2024/12/27	2024/12/30

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

Minieye Tec
02431.HK

Application Software

17-20.2

200

4,081

2024/12/20

2024/12/24

2024/12/27

Xunfei Healthcare
02506.HK

Application Software

82.8

N/A

2024/12/23

2024/12/27

2024/12/30

InnoScience
02577.HK

Semiconductors & Semiconductor Equipment

30.86-33.66

100

3,400

2024/12/23

2024/12/27

2024/12/30

HealthyWay
02587.HK

Health Care Services

7.8-8.8

500

4,444

2024/12/23

2024/12/27

2024/12/30

Summary

We are a global provider of power tools and outdoor power equipment (“OPE”). Our focus on innovation, especially lithium-ion battery system technology, has enabled us to achieve significant scale and rapid growth. According to the Frost & Sullivan Report, in 2020, we ranked the 13th and accounted for approximately 1.9% of the combined global power tool and OPE markets by revenue. We also ranked the 9th and accounted for approximately 1.7% of the global power tool market, and ranked the 10th and accounted for approximately 2.1% of the global OPE market, in each case by revenue, according to the same report. In 2020, the global electric power tools market accounted for 74.1% of the global power tools market, and the global electric OPE market accounted for 18.6% of the global OPE market, according to the Frost & Sullivan Report. Our global ranking by revenue for electric power tools rose from the 9th in 2018 to the 7th in 2020, and our global ranking by revenue for electric OPE rose quickly from the 7th in 2018 to the 2nd in 2020, according to the same source. From 2018 to 2020, our revenue from power tools grew by a CAGR of 16.9%, and our revenue from OPE grew by a CAGR of 62.8%. Please refer to the section headed “Industry Overview” of this document for further descriptions of the methodology and assumptions used in calculating market shares by revenue. Our research and development capabilities have enabled us to seize market opportunities amidst a period of growth and rapid transformation within our industry, particularly with respect to the lithium-ion/cordless market segment. Our revenue from the lithium-ion battery powered products grew from US$347.3 million in 2018 to US$827.3 million in 2020, representing a CAGR of 54.3%. According to the Frost & Sullivan Report, end users have shown increasing preference for lithium-ion battery power tools and OPE, due to benefits such as enhanced user experience, cost-efficiency and environmental friendliness, while delivering power and performance that can rival traditional products. According to the Frost & Sullivan Report, from 2020 to 2025, the global cordless power tool market is projected to grow at a CAGR of 9.9% and the global cordless OPE market is projected to grow at a CAGR of 9.0%. Having recognized the transformative impact of lithium-ion batteries and related technologies, we focused on this industry segment and became one of the first businesses in the world to commercialize lithium-ion battery power tools in 2006 and high-voltage OPE products in 2014. According to the Frost & Sullivan Report, power tools can be broadly defined as the type of tools that operate with additional power and mechanism other than purely manual labor. Examples include screwdrivers, drills, saws, sanders, miter saws and grinders, among others. According to the same source, OPE products can be broadly defined as tools or equipment that are primarily used for lawn, garden or yard maintenance. Examples include lawn mowers, leaf blowers, snow blowers and trimmers, among others. OUR PRODUCTS AND BRANDS We offer a comprehensive range of products under a portfolio of well-recognized brands, which are tailored to address the diverse needs of our end users around the world. Our power tools target both industrial/professional and consumer end users, and our OPE products target both premium and mass-market end users. We currently own five differentiated and well-recognized brands that cover key geographies and segments, namely EGO, FLEX, SKIL, DEVON and X-TRON. In particular, our EGO brand has gained strong recognition in the global electric OPE market since its establishment in 2013. Source: Chervon (02285) Prospectus (IPO Date : 2021/12/17)
Listing Market	MAIN
Industry	Household Appliances
Background	Others
Major Business Area	N/A

Corporate Information

Substantial Shareholders	Pan Longquan (50.92%) Zhang Tong (19.18%) FMR LLC (5.92%) Ke Zuqian (5.31%)
Directors	Pan Longquan (Chairman and Chief Executive Officer and Executive Director) Michael John Clancy (Senior Vice President and Executive Director) Ke Zuqian (Executive Vice President and Executive Director) Zhang Tong (Executive Vice President and Executive Director) Jiang Li (Independent Non-Executive Director) Li Minghui (Independent Non-Executive Director) Tian Ming (Independent Non-Executive Director)
Company Secretary	Hu Yian Lam Wing Chi
Principal Bankers	The HongKong and Shanghai Banking Corporation Limited Bank of Communications Co., Ltd.
Solicitors	Simpson Thacher & Bartlett LLP
Auditors	KPMG
Registered Office	Unit 04, 22nd Floor, Saxon Tower 7, Cheung Shun Street, Lai Chi Kok, Kowloon, Hong Kong
Share Registrars	Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No	(852) 2980-1333
Internet Address	https://global.chervongroup.com
Email Address	chervon-ir@cn.chervongroup.com
Tel No	(86 25) 8499-4002
Fax No

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