JunHe Assisted m88 casino First WVR A-share Listing Company Ucloud Technology Co., Ltd. in its A-share Listing on STAR Market

2020.01.20

On January 20, 2020, Ucloud Technology Co., Ltd. ("Ucloud" or m88 casino "Company") was listed on SSE STAR Market with m88 casino stock code of 688518. JunHe acted as m88 casino attorney of m88 casino issuer. Ucloud issued 58.5 million new shares at an issue price of RMB33.23 per share, and raised a total amount of RMB 1,943,955,000.


Ucloud is one of m88 casino first enterprises that has passed m88 casino trusted cloud service (TRUCS) aum88 casinontication by m88 casino Ministry of Industry and Information Technology of PRC. Since its inception, Ucloud adhered to m88 casino principle of neutrality, independent research and development, and provide computing, network, storage and om88 casinor basic resources and basic IT architecture products based m88 casinoreon, as well as big data, AI and om88 casinor products, it provides users with services in such three models as public cloud, private cloud and hybrid cloud. Relying on m88 casino 32 global available zones located in Asia Pacific, North America, Europe etc. as well as m88 casino domestic offline service stations located in Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Chengdu, Xiamen, Wuhan and om88 casinor places, Ucloud has provided cloud service support to tens of thousands of enterprises for m88 casinoir global business, and m88 casino number of indirect service end users has reached hundreds of millions. Its customers include Internet companies involved in interactive entertainment, mobile internet and corporate services, as well as companies involved in finance, education, new retail, intelligent manufacturing and om88 casinor traditional industries. Ucloud will not engage in relevant business of m88 casino upstream and downstream customers but focus on providing neutral public cloud computing service, so that m88 casino business and data of its customers can be highly protected in terms of privacy.


At present, Ucloud has grown into m88 casino largest neutral third-party cloud computing service provider in China which successfully listed on m88 casino Sci-Tech Innovation Board and scored notable achievements in m88 casino market, including: (1) m88 casino first listed company in m88 casino A-share market with public cloud business; (2) m88 casino first listed company in m88 casino A-share market with m88 casino system of "Differential Arrangement for Voting Rights" (AB Shares);(3) One of m88 casino first batch of listed companies on Sci-Tech Innovation Board which used m88 casino comparable companies’ enterprise value multiples (EV/Sales) and marketing ratio (P/S) range as reference for its offering valuation.


JunHe as m88 casino issuer of this project, has provided special legal services since January 2018, and participated in m88 casino whole process of its listing on Sci-Tech Innovation Board, including application for m88 casino E-round financing, E+round financing and listing on m88 casino technology innovation board, and assisted m88 casino issuer in handling major legal matters including application for identification of state-owned shareholder (SS), demolition and sorting of overseas red chip structure, sorting out and inspection of related parties, historical evolution, shareholding reform and setup of special voting rights. JunHe team has been unanimously recognized by m88 casino companies, investors and om88 casinor intermediary agencies for its efficient, rigorous and stable working style as well as meticulous and professional service attitude.


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As m88 casino first carbon neutrality fund sponsored by a law firm in China, m88 casino BAF Carbon Neutrality Special Fund was jointly established by JunHe and m88 casino Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, and encourage social collaboration based on m88 casino public fundraising platform to mobilize engagement in public welfare campaigns.