With the issuance of the approval for the Initial Public Offering of Richinfo Technology Co., Ltd. (Zheng Jian Xu Ke  No. 321), the China Securities Regulatory Commission (“CSRC”) approved the initial public offering and listing of Richinfo Technology Co., Ltd. (“Richinfo”) (stock code: 300634) on the Growth Enterprises Market of the Shenzhen Stock Exchange on March 23, 2018.
Richinfo is a supplier of industry internet technologies and services, committed to providing large and medium-sized enterprises and government bodies with internet application platform construction and operation support services. These include mail systems, cloud storage, office automation, big-data platforms and application, electronic channel construction and operation support, digital marketing and other products. Its clients include China Mobile, China Telecom, State Grid, China Southern Power Grid, Ping An, China Industrial Bank, China Southern Airlines, SF Express, Suning Appliance, Shenhua Group and the State Post Bureau. Since the establishment of Richinfo, JunHe has represented the company and assisted in its business development and operation. In this project, Richinfo issued 40.01 million shares of common stock for RMB7.17 per share, raising a net amount of RMB 239.1823 million after deducting the costs of the issuance.
As the legal counsel for Richinfo, JunHe, in concert with other intermediaries, made effective suggestions on the standardized operation of the company in the preparation of its IPO, and assisted the company in passing the on-site financial audit organized by the regulator. Richinfo was scheduled to submit the relevant materials to the public offering review committee on January 24, 2018. A total of 17 companies submitted their materials to the committee during the same week, and three passed the review by the committee. Richinfo was the only business to successfully pass the review on the same day of its submission of materials, and was eventually listed on the Growth Enterprises Market of the Shenzhen Stock Exchange in March 2018. During the entire project, our team was highly recognized and appreciated by both the client and other intermediaries.