RUIGU GROUP HKEX Listing Application Lapses; Ranks Top 5 Domestic Online MRO Procurement Service Provider

NewTimeSpace News: The listing application filed by Ruigu Group Co., Ltd. with The Stock Exchange of Hong Kong Limited on 30 January 2026 has lapsed upon the expiry of the six-month period. Huatai International acted as the original sole sponsor.

Founded in 2013, the Company is an integrated industrial group combining digital trading platforms and in-house manufacturing capabilities for MRO products. Leveraging proprietary end-to-end digital infrastructure and a nationwide network of warehousing, distribution, maintenance and repair services, the Group connects upstream suppliers and downstream customers to boost transaction efficiency and overall circulation within the MRO supply chain. Drawing on transaction and fulfilment data generated via its digital platform, the Group guides product selection, planning, R&D and manufacturing to realise on-demand production and sales-driven product iteration.

According to China Insights Consultancy, measured by GMV, the Company is one of China’s leading online MRO procurement service providers, ranking among the top five online MRO procurement service providers and the second-largest online sub-terminal MRO procurement service provider. As at 30 September 2025, its downstream customer network covered more than 220,000 retail hardware stores nationwide, with a penetration rate exceeding 20.0%.