On December 14, 2021, Hangzhou Shunfeng Tongcheng Industrial Co., Ltd. (hereinafter referred to as "SF CITYRUSH" or "company", stock code: 9699. HK) completed the initial public offering of overseas listed foreign shares (H shares) and was listed on the main board of the stock exchange of Hong Kong Limited (hereinafter referred to as "the listing"). Jia Yuan acted as the Chinese legal adviser to the issuer of this offering and listing, and provided professional legal services for the whole process of this listing and the "full circulation" of H shares.

SF CITYRUSH focuses on  the emerging business opportunities of local real-time express service. Since its independence and corporate operation in 2019, it has rapidly grown into the largest third-party real-time express service platform in China. As of May 31, 2021, SF CITYRUSH has covered more than 1000 cities and counties across the country, serving more than 530000 businesses, more than 2.8 million registered riders and more than 126 million registered users.

This issuance and listing is the spin off of SF Holdings (002352. SZ), a listed company in Shenzhen Stock Exchange, and its subsidiary listed on the main board of the Hong Kong stock exchange. After the completion of this listing, SF CITYRUSH will become the "first share of intra city logistics" of Hong Kong stocks. SF CITYRUSH issued 131,180,800 new shares globally, with issue price of HK $16.42 per share, and raised a total of about HK $2.154 billion (before exercising the over allotment right). The funds raised will be used for R & D , expanding service coverage,investment, marketing and brand promotion, operation and general corporate purposes. Through this offering and listing, SF CITYRUSH will further consolidate its existing competitive advantage, improve its position and market share, and ensure the sustainable development of the company.

Adhering to the concept of "diligence, prodence, cooperation and excellence ", Jia Yuan has accompanied the rapid and steady development of SF CITYRUSH all the way. In the process of providing special legal services for SF CITYRUSH, Jia  Yuan has provided efficient, rigorous and pragmatic legal services for the introduction of pre IPO round financing, standardized operation of the company, design of this issuance and listing scheme, preparation of listing application documents and application for the "full circulation" of H shares, the CSRC, the Hong Kong Stock Exchange and other competent authorities.  

The partners of Jia Yuan who provide professional legal services for the issuance and listing of SF CITYRUSH  include  Wang Yuan,  Wen liangjuan, Su dunyuan,  Wang Ying and project team members includes Li Ding, lawyer Liang Qiyu, lawyer YAN Dan, Xiao Xian, etc.