Between January 1 and February 28,2025, a total of 10 Chinese mainland companies successfully completed initial public offerings (IPO) on NASDAQ, raising a total of $160 million.

1、Yin Lifu (INLIF Limited): Successfully landed on NASDAQ on January 2nd, under the ticker symbol INLF. Headquartered in Quanzhou, Fujian province, focus on injection molding machine manipulator arm and accessories business. At $4 for 2 million shares to raise $8 million.

2、Zhengye Biology (Zhengye Biotechnology Holding Limited): Successfully listed on NASDAQ on January 7th, ticker symbol ZYBT. From Jilin, it has been working in the field of veterinary vaccines for nearly 20 years, and its sales network covers 29 domestic provinces and some overseas countries. At $4, it issued 1.5 million shares and raised $6 million.

3、Sanyi Technology (3E Network Technology Group Limited): successfully listed on NASDAQ on January 8th, ticker symbol MASK. Headquartered in Guangzhou, it has developed into a multi-field software service provider. At $4, it issued 1.25 million shares and raised $5 million.

4、Dingxin Ecology (Decent Holding Inc.): Successfully landed on NASDAQ on January 22, with the stock code DXST. Located in Yantai, Shandong province, it focuses on industrial wastewater treatment and ecological river restoration. At $4 and offered 1.25 million shares to raise $5 million.

5、Yasheng Pharma (Ascentage Pharma Group International): Successfully listed on NASDAQ on January 24, ticker symbol AAPG. Focus on the global research and development and commercialization of hematological malignancies and other therapies. At $17.25,7.325 million shares were issued, raising $126 million.

6、Hua Chen Technology (Huachen AI Parking Management Technology Holding Co., Ltd): On February 6th, it successfully landed on NASDAQ, under the ticker symbol HCAI. Located in Jiaxing, Zhejiang province, it provides intelligent parking solutions and equipment structures. At $4, it issued 1.5 million shares and raised $6 million.

7、 Yike (EPWK Holdings Ltd.): On February 6th, it successfully landed on NASDAQ, stock symbol EPWK. Headquartered in Xiamen, Fujian province, its crowdsourcing platform provides a variety of services. At $4.10,2.75 million shares were raised $11.275 million.

8、 Lianzhang Portal (LZ Technology Holdings Limited): On February 27th, it was successfully listed on NASDAQ, with the ticker symbol LZMH. Focus on the intelligent community building access and security monitoring and management system. At $4, with 1.8 million shares issued, raising $7.2 million.

9、Microbus (Webus International Limited): Successfully listed on NASDAQ on February 27, under ticker symbol WETO. Based on Hangzhou, in the field of collective mobile service innovation. At $4, offering 2 million shares, raising $8 million.

10、Stark Industries STAK Inc.: Successfully listed on NASDAQ on February 26, ticker symbol STAK. Located in Changzhou, Jiangsu province, focusing on the whole process business of oil field production and maintenance equipment. At $4, it issued 1.25 million shares and raised $5 million.

With its internationalization, efficiency and flexibility, Nasdaq has become the first choice for global companies, especially Chinese mainland companies. This market is particularly suitable for innovative and growing companies seeking global expansion and capital support. Nasdaq not only provides a platform for these companies to show their strength and attract international investors, but also favors it for its inclusiveness of innovative companies. With the successful listing of many companies, Nasdaq is increasingly attractive to global companies, indicating that more companies will join this vibrant capital market this year.

Our United Business Association (AGBA) & Sme Overseas Listed Capital Group (SME) actively help support Asian smes to use SPAC reverse merger to quickly land on the NASDAQ market. The efficient and convenient path we provide enable enterprises to avoid the high costs and complex processes of traditional IPO and enjoy the flexibility and economic benefits of the SPAC model.

Through the SPAC listing, companies can not only focus on business growth, but also gain capital market support, enhance international visibility, attract global investment, and enjoy the liquidity and transparency of the US market. We look forward to helping more Asian SMEs to jointly write a new chapter in the capital market.