2023.05.11
On May 11, 2023, Yonyou Auto Information Technology (Shanghai) Co., Ltd. (stock abbreviation: Yonyou Auto; ticker symbol: 688479) listed shares on the STAR Market of the Shanghai Stock Exchange (“SSE”). Yonyou Auto issued a total of 36,079,400 ordinary shares at the price of RMB 33.99 per share in the public offering, raising almost RMB 1.226 billion.
Yonyou Auto was founded in March 2003 and was acquired in 2010 by Yonyou Network Technology Co., Ltd. (“Yonyou Network”), a company listed on the Main Board of the SSE. In this project, Yonyou Network carved out its subsidiary, Yonyou Auto, which then went public on the SSE STAR Market.
Yonyou Auto’s primary business is the marketing and provision of aftermarket services in the automotive industry. Yonyou Auto provides digital intelligence solutions, cloud services, software and professional services in the fields of marketing and aftermarket services for OEMs, dealers, service stations and other clients in the automotive industry. It is dedicated to building a digital ecosystem platform for upstream, downstream and cross-industry integration to empower the digital transformation of the automotive industry. The company also provides these services to clients in the construction machinery and motorcycle industries.
JunHe advised the issuer in this project and has been serving as legal counsel to Yonyou Auto since 2016, providing a full range of legal services for the company’s listing, private placement and delisting on and from the NEEQ, its IPO on the STAR Market and its daily operations. The services provided include: (1) as special legal counsel, assisting the company with its transformation into a stock corporation, formulating the employee equity incentive plan, and issuing legal opinions and advising on the company’s listing, private placement and delisting on and from the NEEQ; (2) as IPO counsel to the issuer, conducting legal due diligence on Yonyou Auto, discussing and implementing the carve-out plan, issuing a full set of application documents on legal matters required for the A-share IPO such as legal opinions, and assisting the company in passing the pre-listing tutoring and making the IPO application, passing the review at meetings of the listing review committee, replying to feedback from the SSE and the CSRC, and being listed on the STAR Market; and (3) as perennial legal counsel, advising on the company’s business operations, information disclosure, intellectual property rights, labor and other matters.
Mr. ZHAO, Xiyong (Sammuel) and Mr. LI, Chenliang provided legal services to Yonyou Auto.
