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To-be Listed
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
Shenzhen Dobot
02432.HK
Advanced hardware and software 18.8-20.8 200 4,202 2024/12/18 Data is not available 2024/12/23
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
Summary
We provide retail digitalization solutions to retailers in the local retail industry. Local retail refers to the business of selling merchandise to consumers located in close proximity through offline channels or online channels. We primarily provide solutions in China and have successfully expanded our businesses to other countries and regions in Asia, comprising Hong Kong SAR, Cambodia, Singapore, Malaysia, Macau SAR, Indonesia, the Philippines and Brunei. According to Frost & Sullivan, we were the largest retail digitalization solution provider in China by revenue in 2023, with a market share of 6.5% and the third largest retail digitalization solution provider in Asia, with a market share of 4.2%. Retail digitalization solution providers refer to companies that offer digital products and services designed to enhance and digitalize the operations of local retailers.

We started our business in retail digitalization in collaboration with Wumei Group, a leading retailer in China, which was our largest customer during the Track Record Period. We have a close business relationship and have engaged in substantial business transactions with Wumei Group, one of our Related Parties. Dr. Zhang Wenzhong, our founder, senior advisor and our Controlling Shareholder, is the controlling shareholder of Wumei Technology Group, Inc., the holding company of Wumei Group. We implemented our cloud solutions in Wumei Group’s nationwide store network and our functionalities through their complex operation. Today, we have developed retail digitalization solutions for customers of various sizes and formats that encompass local retail operations, from procurement and supply chain management, store and headquarters management, to marketing and omni-channel sales. Our experience with Wumei Group has inspired us to deliver many popular modules that are applicable to other retail formats from chained supermarkets, warehouse supermarkets, department stores to convenience stores, specialty retailers and retailers with new retail formats, such as membership stores and discount stores. We also serve other major retailers, such as Chongqing Department Store Group (one of our Related Parties), Yinchuan Xinhua Group (one of our Related Parties and controlled by Dr. Zhang), and Maidelong Entities (one of our Related Parties and controlled by Dr. Zhang), as well as well-known brands such as Wellcome, Mannings, Guardian, Giant, and 7-Eleven (Hong Kong), which operate under the DFI Retail Group. We now cover all major retail formats, such as convenience stores, department stores, supermarkets and specialty retail, helping our expanding customer base meet ever-evolving market challenges and provide quality services to consumers. As a testament to our success, we served 236, 436, 533 and 444 customers for the years ended December 31, 2021, 2022, 2023 and six months ended June 30, 2024, respectively. We were loss making during our Track Record Period, mainly attributable to expenses incurred in line with our rapid growth and development. We have been narrowing the adjusted losses and believe our up front investment in our growth sets a strong foundation for our future business development and path to profitability.



Source: Dmall (02586) Prospectus (IPO Date : 2024/11/28)
Listing Market MAIN
Industry Application Software
Background Others
Major Business Area Hong Kong
Corporate Information
Substantial Shareholders Zhang Wenzhong & Associates (56.67%)
Vigorous Link Group Limited (8.46%)
Directors ZHANG Feng (Co-Founder and President and Executive Director)
Curtis Alan FERGUSON (Chairman and Non-Executive Director)
CHEN Zhiyu (Non-Executive Director)
SUN Yuhan (Non-Executive Director)
WANG Zhenghao (Non-Executive Director)
CAI Lin (Independent Non-Executive Director)
HOU Yang (Independent Non-Executive Director)
LI Wei (Independent Non-Executive Director)
MAO Jiye (Independent Non-Executive Director)
Company Secretary AU Wing Sze
WANG Yi
Principal Bankers Industrial Bank Co., Ltd
Bank of Beijing
Solicitors Haiwen & Partners
Skadden, Arps, Slate, Meagher & Flom and affiliates
Harney Westwood & Riegels
Grandall Law Firm
Auditors KPMG
Registered Office Unit 717-718, Level 7, Core F Cyberport 3, 100 Cyberport Road, Hong Kong
Share Registrars Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No (852) 2980-1333
Internet Address http://www.dmall.com
Email Address ggb@dmall.com
Tel No (86 400) 6993-000
Fax No
 
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