NewTimeSpace News: Bethel Automotive Safety Systems Co., Ltd. (603596.SH) submitted main board listing application to HKEX on May 21, with CICC as sole sponsor. According to Frost & Sullivan, the company took the leading position among Chinese brands in domestic EPB market with 14.2% market share and domestic Brake-by-Wire market with 8.6% market share in 2025.
NewTimeSpace News: The Hong Kong listing application of Mandi Inc. filed on November 20, 2025 has lapsed upon the expiry of the six-month validity period. Huatai International acted as the original sole sponsor. According to CIC data, by retail sales value, its flagship Mandi® minoxidil anti-hair loss products have topped China’s anti-hair loss drug market and minoxidil drug market for ten consecutive years since 2014, holding respective market shares of approximately 57% and 71% in 2024.
New Timespace News: HLA Group Corp., Ltd. (600398.SH) filed its IPO application with the Hong Kong Stock Exchange on November 21, 2025, but it has lapsed after six months due to expiration, with Huatai International as the original sole sponsor. According to Frost & Sullivan, by 2024 revenue, the company is the world's second-largest men's wear brand, Asia's largest men's wear brand, and China's fourth-largest apparel group, with over 7,200 stores globally.
Newtimespace News: Shanghai Guan An Information Technology Co., Ltd. filed its main board listing application with the Hong Kong Stock Exchange on May 20, with ICBC International and Zhongtai International acting as joint sponsors. According to Frost & Sullivan, the company ranked first among professional security providers in China's data security platform market by revenue in 2025, with a market share of 9.7%.
Newtimespace News: CTG Hongkong and Macao Culture and Tourism Holding Limited filed its main board listing application with the Hong Kong Stock Exchange on May 20, with Bank of China International acting as the sole sponsor. The company is a leading integrated tourism service provider with a strategic focus on the Greater Bay Area, operating the "TurboJET" and "China Travel Bus" cross-border passenger transport brands, as well as three hotel brands: Metropark, Ruijing and Pak Jing Hin.
Newtimespace News: Lingyi iTech (Guangdong) Company (002600.SZ) re-filed its main board listing application with the Hong Kong Stock Exchange on May 20, with Guotai Junan International acting as the sole sponsor. According to Frost & Sullivan, the company ranked first globally in the high-precision functional components market for AI terminal devices by revenue in 2024, and third globally in the high-precision intelligent manufacturing platform market for AI terminal devices.
Newtimespace News: Tage iDriver Technology Co., Ltd. filed its main board listing application with the Hong Kong Stock Exchange on May 20, with Huatai International acting as the sole sponsor. The company is a pioneer and leader in autonomous mining transportation. As of December 31, 2025, 14 smart mines deploying the company's solutions had received certification from relevant authorities, ranking first in China.
Newtimespace News: Lingong Heavy Machinery Co., Ltd. re-filed its main board listing application with the Hong Kong Stock Exchange on May 20, with CICC and China Industrial Securities International acting as joint sponsors. The company is a globally operating mining equipment and aerial work equipment enterprise, with sales covering over 100 countries and regions worldwide.
Newtimespace News: Shanghai KeLiang Information Technology Co., Ltd. filed its main board listing application with the Hong Kong Stock Exchange on May 20, with Guojin Securities (Hong Kong) Co., Ltd. acting as the sole sponsor. According to Frost & Sullivan, the company was the largest domestic independent digital energy solutions provider in China's new power system industry in 2025.
NewTimeSpace News: Suzhou Dongshan Precision Manufacturing Co., Ltd. (002384.SZ) refiled its listing application to the Hong Kong Stock Exchange on May 19. UBS Group, Haitong International, GF Securities and CITIC Securities serve as joint sponsors. According to CIC data, based on 2025 revenue, the company ranks first globally in PCB supply for edge AI devices with a market share of 26.9%, second in flexible circuit board sector with 24.5%, and among the world’s top three PCB suppliers with 4.2% market share.
NewTimeSpace News: Xiaoe Inc. refiled its listing application with the Hong Kong Stock Exchange on May 19, with CICC acting as the sole sponsor. According to CIC data based on 2025 revenue, the company ranks first among Chinese suppliers of interactive private domain operation solutions with a market share of 10.1%, and secures a top-three position in the overall private domain operation solution market with a 4.4% market share. It is also the fastest-growing player among China’s top five private domain operation solution providers.
New Timespace News: Dajin Heavy Industry Co., Ltd. passed the HKEX hearing on May 18, with Huatai International and CMS International as joint sponsors. The company is a globally leading supplier of offshore wind power core equipment. According to Frost & Sullivan, by monopile sales value in the first half of 2025, the company ranked first among offshore wind power foundation equipment suppliers in the European market, with market share increasing from 18.5% in 2024 to 29.1% in the first half of 2025.
NewTimeSpace News: Brightgene Bio-Medical Technology Co., Ltd. (688166.SH) refiled for listing on the Hong Kong Stock Exchange on May 18, with Huatai International acting as the sole sponsor. Founded in 2001, it is a global pharmaceutical enterprise whose commercial network covers more than 40 countries and regions. According to CIC, it ranks among the world’s top three suppliers of echinocandin APIs and intermediates by sales revenue in 2025.
NewTimeSpace News: Guangdong Jinsheng New Energy Co., Ltd. filed its listing application with HKEX for the third time on May 18. CICC and China Merchants International act as joint sponsors. According to Frost & Sullivan, ranked by sales revenue of recycled products in 2025, the company is the world’s second largest lithium battery recycling and recycling enterprise, and the world’s largest third-party lithium battery recycling and recycling enterprise.
NewTimeSpace News: Zhejiang Shimai Pharmaceutical Co., Ltd. refiled its main board listing application with the Hong Kong Stock Exchange on May 18, 2026, with Huatai International as the sole sponsor. Founded in 2017, it is a clinical-stage biotech company focused on developing T-cell engager (TCE) therapies, with four clinical-stage pipelines, including two core products DNV3 and SMET12.
New Timespace News: Lung Fung Group Holdings Limited passed its HKEX listing hearing on May 17, with DBS Group as the sole sponsor. According to Frost & Sullivan, by retail sales value in 2024, the Group ranked second among beauty, healthcare and pharmaceutical retailers in Hong Kong with a 5.8% market share; it is also the largest pharmaceutical retailer in Hong Kong with a 5.2% market share. As of the latest practicable date, the company operates 31 retail stores under the "Lung Fung" brand in Hong Kong, along with various online sales platforms.
