Tricor Supports Xiaomi IPO in Hong Kong SAR

Tricor Group (“Tricor”), Asia’s leading provider of business, corporate and investor services, today announces our appointment to provide joint company secretary services to Xiaomi Corporation (“Xiaomi”). Xiaomi, the innovation-driven internet company with smartphones and smart hardware based in Mainland China, is the first among innovative and high growth companies with a weighted voting right (“WVR”) structure to seek listing on The Stock Exchange of Hong Kong Limited (“HKEX”).

As of April 30, 2018, HKEX is broadening its listing regime with the addition of 3 chapters in the Main Board Listing Rules (“MB Rules”) to permit the listing of 3 classes of companies:

• Biotech companies that do not meet any of the financial eligibility tests under the MB Rules
• Innovative and high growth companies with a WVR structure
• A concessionary secondary listing route for emerging and innovative Greater China and international companies that are primarily listed on a Qualified Exchange as defined by HKEX

Tricor is proud to be given this opportunity to provide professional services to support Xiaomi on this exciting journey of going public. “A company of the scale and significance of Xiaomi can accept nothing less than the very best corporate and investor service providers. With deep roots in Mainland China and the region, Tricor is uniquely positioned to assist high-caliber Mainland Chinese firms on their expansion. We are honored to work with Xiaomi and bring our experience, passion and partnership approach to contribute to Xiaomi’s future success,” said Lennard Yong, Group CEO of Tricor.

“Tricor provides expert corporate governance, compliance and secretarial services to different types of entities including Mainland Chinese corporations seeking to go offshore and/or having their shares listed on the HKEX. We have in-depth knowledge and understanding of the latest rules and regulations governing businesses and other entities. We are committed to serving Mainland Chinese corporations like Xiaomi so that they can stay focused on their core business,” said Natalia Seng, Chief Executive Officer – Mainland China & Hong Kong SAR, Tricor Group.

Tricor is in an excellent position to support clients seeking listing under the new regime, with the largest corporate secretarial team in Asia, deep industry experience, committed staff, technology-driven processes, standardized methodologies and industry-wide contacts. Tricor’s technical teams regularly monitor changes in laws and regulations and advise clients on corporate governance and compliance issues in a timely manner.

As Asia’s leading provider of outsourced integrated business, corporate and investor services, we have a strong track-record working with 40% of the Fortune Global 500 companies and a myriad of Hong Kong SAR private companies where we take a commercial approach to tailor our services to their specific need and requirements. Tricor is the preeminent provider of investor services and has led the listing of 1,100+ companies in the Hong Kong Stock Exchange and leading share registrar in Hong Kong SAR by share volume having supported over two-thirds of the IPOs in Hong Kong SAR in 2018 year-to-date.

Please contact Tricor at +852 2980 1888 or email at info@hk.tricorglobal.com to learn how we can help you accelerate business growth in Asia and worldwide.