Frost & Sullivan, as a recommended enterprise for the Hong Kong Pavilion, appeared at the 5th Global Digital Trade Expo.

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IPO industry advisory services were the focus of Frost & Sullivan's presentation this time. In 2025, 119 new stocks were listed on the Hong Kong Stock Exchange, raising a total of HK$285.8 billion, a sharp increase of 224% compared to the previous year. From January to December 2025, Frost & Sullivan held a 73% share in the IPO industry advisory market in Hong Kong.

In the first half of 2026, Frost & Sullivan provided exclusive industry advisory services for 58 Hong Kong stock IPOs, with a market share of 69% based on the number of projects, consistently ranking first in the industry. From the perspective of different listing rules, Frost & Sullivan had high coverage in all sectors, with a prominent advantage in core areas.

In the first half of 2026, there were 24 A+H listed new stocks, and Frost & Sullivan achieved 100% coverage. This sector raised approximately HK$121.7 billion, accounting for 57.9% of the total market fundraising amount, indicating that Frost & Sullivan had an absolute advantage in the largest and most stringent review-required leading return-to-HK sector.

For 18C Special Materials, there were 13 new listed stocks, and Frost & Sullivan served 8, with a market share of 61.5%. The sector raised approximately HK$29.8 billion, accounting for 14.2% of the total market, deeply supporting the capitalization of cutting-edge innovative enterprises.

For 18A Biotech, there were 10 new listed stocks, and Frost & Sullivan served 8, with a market share of 80%. The sector raised approximately HK$11.6 billion, accounting for 5.5% of the total market, continuously strengthening its service advantage in the biopharmaceutical sector.

Overall, Frost & Sullivan has established an absolute position in high-value leading IPO sectors, while maintaining high penetration in two innovative rule sectors. This fully demonstrates the market's high recognition of Frost & Sullivan's professional research capabilities and further distinguishes it from peers.

Behind its impressive market share lies Frost & Sullivan's professional service capabilities covering all sectors and rich project implementation experiences. In the first half of 2026, Frost & Sullivan's service projects covered high-growth sectors such as high-end intelligent manufacturing, computing power, AI, Semiconductor, and innovative drugs. Among them:

Semiconductor sector:Of the 16 Hong Kong-listed companies, Frost & Sullivan served 11, with a market share of 69%.

AI-related sectors:Of the 18 listed companies, Frost & Sullivan served 13, with a market share of 72%.

Since the team at Frost & Sullivan began providing investment and financing advisory services to corporate leaders and management teams, they have helped nearly 3,000 companies successfully list in Hong Kong and overseas. They are a leading enterprise in the domestic investment and financing strategic consulting field.

Frost & Sullivan has long maintained close cooperation with globally renowned investment banks, accounting firms, law firms, investment institutions, and leading industries, establishing an efficient domestic investment and financing demand matching platform, enabling the rapid formation of a comprehensive consulting service team.

Over the past 10 years, Frost & Sullivan has consistently held the leading position in the market share of professional industry advisory services for Chinese enterprises listing in Hong Kong and overseas. In recent years, Frost & Sullivan's reports have been widely referenced in the prospectuses of leading A-share and Sci-Tech Innovation Board listed companies, as well as in primary and secondary market research reports and other capital market public documents.

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For enterprises seeking listing and international development, clearly presenting the growth potential, competitive landscape, and self-positioning of the market is an important foundation for communication with the capital market. As an independent industry advisor, Frost & Sullivan provides professional industry research services for company listings. Based on public market data and company-provided information, it independently analyzes and verifies industry information, assisting sponsors in responding to the Hong Kong Stock Exchange's inquiries regarding industry sections.

This participation provided an opportunity for Frost & Sullivan to strengthen exchanges with Hong Kong universities, research institutions, technology companies, and professional service partners. To meet the needs of enterprises from technological innovation, market expansion to capitalization development, Frost & Sullivan will continue to leverage its industry research and global market insight advantages, combining IPO project experience and strategic consulting capabilities to provide professional support for enterprises to identify growth opportunities, understand overseas markets, and promote long-term development.

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