Han Kun and Han Kun Hong Kong advised Beijing UBOX Online Technology Corp. on its listing on the Main Board of the Hong Kong Stock Exchange
November, 2023 - Hong Kong, Mainland China
Han Kun Law Offices and Han Kun Law Offices LLP ("Han Kun Hong Kong"), as PRC and Hong Kong legal advisors, represented Beijing UBOX Online Technology Corp. ("UBOX ONLINE", Stock Code: 2429) in connection with its initial public offering in Hong Kong and Regulation S offering of H shares. The H shares of UBOX ONLINE are listed on the Hong Kong Stock Exchange. Approximately 78.74% of the issued share capital of UBOX ONLINE are H shares converted from unlisted shares through "H shares full circulation". Han Kun's data compliance team advised UBOX ONLINE on cybersecurity and data compliance in the PRC. China Securities (International) Corporate Finance Company Limited and Huatai Financial Holdings (Hong Kong) Limited acted as joint sponsors. Huatai Financial Holdings (Hong Kong) Limited, China Securities (International) Corporate Finance Company Limited and Valuable Capital Limited acted as joint global coordinators.
UBOX ONLINE is a vending machine operator in China mainland, with a 7.6% market share in terms of transaction GMV in 2022. UBOX ONLINE ranked first in terms of both total transaction GMV and network scale in the unmanned retail industry in China mainland for each of 2019, 2020, 2021 and 2022.
