On 16 December 2025, Guoxia Technology Co., Ltd. (Guoxia Tech, 2655.HK) successfully listed on the Main Board of the Hong Kong Stock Exchange (HKEx), raising a total of approximately HKD 714 million. CBI is honored to participate in the due diligence work for this IPO Project.

Guoxia Tech is a China-based company primarily engaged in the research, development and provision of energy storage system (ESS) solutions and products. The Company operates its businesses through three segments. The Energy Storage System (ESS) Solutions segment is primarily engaged in the provision of multi-use ESS solutions and independent ESS solutions, including large-scale ESS, commercial and industrial (C&I) ESS, residential ESS and other ESS. The Engineering, Procurement and Construction (EPC) Services segment is primarily engaged in the provision of integrated EPC services, which is engaged in C&I energy storage projects and photovoltaic power plant development. The Others segment is primarily engaged in the sales of forklifts, testing equipment and scrap battery cells. 

In this IPO project, CBI primarily assisted the sponsor team in conducting due diligence on the company group, its directors, senior management, shareholders, customers, suppliers and distributors, etc. 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, related company search, site visit and remote due diligence. The due diligence project globally covered 8 countries and regions, including China, Hong Kong, Singapore , Czech Republic and South Africa, etc.