On December 30, 2021, CHERVON Holding Co., Ltd. (hereinafter referred to as "CHERVON" or "company", stock code: 2285. HK), a global leading enterprise of electric tools, was successfully listed on the main board of the Hong Kong Stock Exchange. Jia Yuan acted as the Chinese legal adviser to the issuer of this offering and listing, providing professional legal services for the whole process of this listing. At the same time, Jia Yuan Hong Kong team, as the Hong Kong legal adviser, provided legal opinion for CHERVON and its Hong Kong subsidiary.

CHERVON is a global supplier of electric tools and outdoor power equipment (OPE). Its products are sold to more than 100 countries and regions. It is one of the top participants in the global electric tools and global electric OPE market. It has five differentiated and widely recognized brands, EGO、FLEX、SKIL、 Dayou and Xiaoqiang, covering major regions and markets. According to the Frost Sullivan Report, in 2020, CHERVON ranked 7th in the world in terms of electric tools income, and 2nd in the world in terms of electric ope products income.

Since its establishment, CHERVON Holdings has experienced more than 20 years of enterprise development. It always adheres to the concept of "making good tools and helping the world", and leads China's electric tool enterprises to achieve global development. In May 2019, CHERVON group successfully listed CHERVON automobile (Stock Code: 603982), a subordinate enterprise in the auto parts sector, on the main board of Shanghai Stock Exchange. This time, CHERVON holdings was successfully listed on the Hong Kong stock exchange, which has become another milestone for the development of CHERVON group.

CHERVON holdings issued 71.916 million shares globally, with an issue price of HK $43.60 per share and raised about HK $2.957 billion. The raised funds will be mainly used to expand and upgrade the company's production base, product R & D, improve distribution channels in China. Through this offering and listing, CHERVON holdings will further consolidate its existing competitive advantage with the help of capital market forces, improve its industry position and market share, and ensure the sustainable development of the company.

The issuer is an enterprise registered in Hong Kong. Jia Yuan assisted the company in implementing domestic and overseas equity restructuring and employee equity incentive before listing. The domestic and overseas restructuring and equity incentive comprehensively considered the implementation conditions and procedures, capital and tax costs, pricing basis and rationality under the legal regulation of multi places at home and abroad. Jia Yuan provided rigorous and feasible legal analysis and suggestions for customers with rich project experience and integrated management advantages, Escort the successful completion of domestic and overseas restructuring and equity incentive plan of the company.

In the process of this issuance and listing of CHERVON holdings, in addition to assisting in the completion of domestic and overseas restructuring before listing and the implementation of equity incentive scheme, Jia Yuan has always adhered to the concept of "diligence, prudence, cooperation and excellence", and provided efficient legal services throughout the process for CHERVON holdings's domestic equity verification, standardized operation of the company and listing application documents, feedbacks to  Hong Kong Stock Exchange and other competent authorities.

Jia Yuan has served CHERVON holdings since 2015 and assisted the group to complete the A-share listing of CHERVON automobile (Stock Code: 603982) in May 2019. This time, it helped CHERVON holdings to achieve a successful listing on the Hong Kong stock exchange, which is another important moment for Jia Yuan to accompany the growth of the group. Jia Yuan's partners providing professional legal services for CHERVON holding's IPO include  Zhang Wen, Wang Yuan, Fu Yangyuan and Liu Lei. Other main members of the project team include Li Xin, Liu Hao, Sheng Yeqing,Liu xuyin, Ye Qiang, etc.