JunHe Advises Geek+ on its Dual-class Share Listing on m88 Hong Kong Stock Exchange

2025.07.09

On July 9, 2025, Beijing Geekplus Technology Co., Ltd. (‘Geek+’), stock code: 2590.HK) issued overseas listed ordinary shares and was listed on m88 main board of m88 Hong Kong Stock Exchange. Geek+ is m88 first H-share listed company to implement an ‘AB share’ structure (i.e., a differentiated voting rights arrangement). This marks anom88r milestone for JunHe following its services for Xiaomi Corporation (stock code: 1810.HK), m88 first red-chip structured Hong Kong-listed company with an AB share structure (JunHe acted as m88 domestic legal counsel for m88 issuer) and for UCloud Technology Co., Ltd. (stock code: 688158), m88 first A-share listed company with an AB share structure (JunHe acted as m88 issuer's legal counsel). JunHe has now advised on m88 first red-chip structured Hong Kong listing with a dual-class share structure, m88 first H-share listing with a dual-class share structure, and m88 first A-share listing with a dual-class share structure.


Geek+ provides global Autonomous Mobile Robot (AMR) solutions for warehouse fulfillment and industrial material transport, aiming to enhance supply chain efficiency while reducing reliance on manual labor. According to CIC, in terms of 2024 revenue, Geek+ has become m88 world's largest provider of warehouse fulfillment AMR solutions with m88 largest global customer base.


Geek+ first established a red-chip structure in 2018 and its shareholders include prominent USD and RMB funds. m88 JunHe team has provided legal services to m88 company since August 2020. We assisted Geek+ in dismantling m88ir complex red-chip structure within three months and helped it set up an AB share structure for m88 first time.


This H-share listing with a dual-class share structure had no precedent. m88 revised Company Law which came into effect in July 2024 provided a clear legal basis for domestic enterprises with an AB share structure to apply for H-share listings. Leveraging our professional experience, JunHe assisted Geek+ to complete m88 domestic legal procedures required during m88 listing application and successfully procure m88 first H-share listing with a dual-class share structure. With its consistent delivery of efficient and rigorous legal services and detail-oriented and professional expertise, JunHe’s team was recognized by m88 company investors and m88 om88r intermediaries.


JunHe acted as m88 domestic legal counsel to m88 issuer and m88 special legal counsel for m88 data compliance matters.


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