Hangzhou Lygo Technology Co., Ltd., Parent of LYGO Attendance App, Files HKEX Listing Application; China’s Largest Flexible Employment Platform

NewTimeSpace News: Hangzhou Lygo Technology Co., Ltd. filed a Main Board listing application with the Hong Kong Stock Exchange on 25 June 2026, with CICC and SPDB International Capital acting as joint sponsors.

The Company is China’s leading flexible employment platform, delivering tailored workforce solutions for enterprises across catering, retail, tea & coffee, hotel and other sectors. The platform enables fast talent matching, guaranteed timely remuneration and streamlined administrative procedures for flexible workers. According to CIC Consulting, based on 2025 revenue, the Company operates China’s largest flexible employment platform.

For the fiscal year ended 31 December 2025, the Company provided services to approximately 440,000 flexible workers, recording more than 16.7 million clock-in records and lifting their average annual income by nearly RMB5,000. Through its proprietary LYGO Platform (LYGO Attendance App), the Group rolled out one-stop flexible employment solutions to 319 corporate clients, covering five of China’s top 10 catering chains, five of China’s top 10 retail brands, and four of the world’s top five hotel groups by revenue. It maintained a 100% key customer retention rate alongside a 180.5% key customer dollar retention rate.

Separately, the Company operates Qingtuanshe, China’s largest flexible staffing recruitment platform by 2025 revenue. As at 31 December 2025, Qingtuanshe accumulated nearly 2 million registered enterprise clients and close to 57 million registered individual users.