On 3 December 2025, Anhui Jinyan Kaolin New Materials Co., Ltd. (Jinyan Kaolin, 2693.HK) successfully listed on the Main Board of the Hong Kong Stock Exchange (HKEx), raising a total of approximately HKD 177 million. CBI is honored to participate in the due diligence work for this IPO Project.

Jinyan Kaolin is a China-based company primarily engaged in the production of calcined kaolin products. The Company’s main businesses include the mining, research and development, processing, production and sales of calcined kaolin products. The Company’s main products include precision casting mullite products and refractory mullite products, which are mainly used for precision casting shell mold and refractory materials. In this IPO project, CBI primarily assisted the sponsor team in conducting due diligence on the company group, its directors, senior management, shareholders, customers and suppliers. In addition to the basic information such as litigation, bankruptcy, winding-up and media records, CBI also assisted the sponsor team in conducting reference check and related company searches. The due diligence project mainly covers due diligence information in China and  Hong Kong.