上市捷报丨沙利文助力Roma Green Finance Limited成功赴美上市(NASDAQ:ROMA)

Roma Green Finance Limited(Stock Code:NASDAQ:ROMA) on2024year1month9Successfully logged into NASDAQ on the same day. The company is based in Hong Kong.ESGConsulting services for enterprises, providing core sustainable development project development andESGThe reporting service enables businesses to demonstrate compliance with applicable regulations and laws. Frost & SullivanFrost & Sullivan,Frost & Sullivan (hereinafter referred to as 'Frost & Sullivan') isRoma Green Finance LimitedThe listing provides exclusive industry advisory services, and we would like to extend our warmest congratulations on its successful listing.

Roma Green Finance Limited(Roman Green Finance, hereinafter referred to) is2024year1month9The company plans to go public on the 1st of July2,449,943100 million shares, issue price per share4.00US dollars, with the net amount of raised funds being approximately980Ten thousand dollars.

During the process of listing in the US, Frost & Sullivan mainly undertook the following tasks: helping the issuer accurately and objectively understand its positioning in the target market, uncovering, supporting, and highlighting the issuer's competitive advantages through objective market data analysis, assisting the issuer, investment banks, and other intermediaries in completing the writing of relevant parts of the prospectus (such as overview, competitive advantages and strategy, industry overview, business, and other important sections), helping the issuer communicate with NASDAQ and investors, assisting investors in quickly understanding the market ecosystem and competitive landscape, and assisting the issuer in completing various feedbacks from NASDAQ regarding industry issues.

Investment highlights

The company is a comprehensiveESG/Sustainable development service provider;

The company has a large customer base and rich experience;

The company has an experienced management team and a well-trained workforce, capable of providing customers with efficient and effective services.

Hong KongESGOverview of the consulting service market

Driven by investor demand and regulation, there is an increasing focus on environmental social governanceESGThe interest in ( ) is growing exponentially. Hong KongESGThe market scale of consulting services2016year2,070Ten thousand Hong Kong dollars grew to2021year1.62HK$10 billion, with an annual compound growth rate of50.9%With the strengthening of reporting requirements for listed companies in Hong Kong and investors' increasing focus on green/Interest in sustainable finance is increasing, and listed companies will pay more and more attentionESGTherefore, Hong KongESGThe market scale of consulting services will be from2022year18.43HK$10 billion growth to2026year29.28HK$10 billion, with an annual compound growth rate of12.3%.

Source: Frost & Sullivan report

Hong KongESGConsulting service market

Key market drivers

· The government is promoting a zero-emission economy andESGEfforts in development

The Hong Kong government has embraced the United Nations' Zero Emissions Alliance and has made a series of efforts, including the release of the 'Hong Kong Climate Action Plan'.2050》, clarifying the strategic development of reducing carbon emissions and the roadmap to achieve the goals. Against this backdrop, the Hong Kong Exchanges has formulated the 'Zero Emissions Guidelines', providing guidance and insights for listed issuers on developing appropriate zero emissions pathways, including determining the resources required for calculating and establishing carbon emission baselines, setting carbon emission reduction targets, identifying emission reduction potential and formulating relevant strategies. Therefore, government policies encourage more and more enterprises to commit to achieving zero emissions commitments and to better formulate andESGRelevant management and reporting.

· Integrate software tools intoESGConsulting operations

With the progress of software data analysis,ESGConsulting service providers use database analysis software tools to integrate different data. By monitoring and tracking strategies, they often require a centralized repository to track multiple downstream customers.ESGData and strategy. The integration of software has simplified data collection processes and improved the efficiency of report drafting. Software monitoring tools are also helpful in assisting in setting and disclosing sustainability development goals. Considering the latest disclosure requirements of the Hong Kong Exchanges, which require setting and disclosing sustainability development goals, the integration of software...ESGConsulting service providers can monitor and track multiple clientsESGData and policies are implemented to improve data collection efficiency and better meet the Hong Kong Exchanges' requirements for sustainability reporting. Such software tools help provide more comprehensive, accurate, and efficient consulting services, assisting enterprises in achieving their sustainability goals.

· The emergence of one-stop consulting services

The issuers listed on the Hong Kong Stock Exchange mainly seekESGConsulting services to meet the latest listing requirements, throughESGReporting and Disclosure Services. An increasing number of companies are adopting one-stop and comprehensive approaches in terms of stakeholder engagementESGConsulting services to understand and alleviate stakeholders' concerns, establish sustainable and long-term reporting systems, conduct carbon footprint management and auditing, employee management, supply chain risk management, and with institutional investors onESGCommunicate about the issue and develop aESGRelevant marketing strategies. Provide one-stop solutionsESGService providers offering sustainable solutions will gain a competitive advantage.

· The ever-evolving regulatory system and disclosure requirements

To encourageIPO listingThe applicant and the listed company conduct a comprehensive analysis and evaluation to identify significantESGrisks, and make appropriate disclosures on climate-related issues to facilitate the transition to a low-carbon economy, Hong Kong Exchanges and Clearing Limited2016In [start year], a series of requirements were introduced, requiring listed companies to release annualESGReports, including specified mandatory disclosures, and require other disclosures to be based on the principles of compliance or explanation. These requirements are in2021Further improvements were made in the year, including the incorporation of the Financial Stability Board (FSBClimate-related Financial Disclosures Task Force (TCFDSome key recommendations fromIPO listingApplicants and listed companies provide practical advice to facilitateESGDisclosure alignment with international standards. To ensure full compliance with the latest regulatory systems, more and more companies entrustESGConsulting with advisors to develop sustainable and comprehensive reporting solutions.

· third partyESGProfessional knowledge and value-added services of consulting

According to the observations of the Hong Kong Trade Development Board,ESGIt is having an increasingly significant impact on enterprises, providing business opportunities for investors, customers, and suppliers. It is also considered one of the key criteria for maintaining a good business reputation, enhancing corporate competitiveness, and retaining talent. However, as enterprises implementESGThere are some challenges, such as the lack of a unified framework or standardized guidance to measureESGFactors, as well as the lack of professional expertise within the organization in this area. Third partiesESGAs a bridge, consulting service institutions help bridge the gap for enterprises integrating the latestESGDifficulties encountered in market trends. The services provided by consulting firms should offer an enterprise framework to monitor real-time information for decision-making, and help reduce risks and improve performance, which will receive increasing attention.

· Establishment of the Hong Kong Sustainable Development and Green Exchange

at2020In [year], the Hong Kong Exchanges' Sustainable Development and Green Exchange (stageThe online platform has been officially launched, aiming to provide more information, access methods, and transparency about sustainable development, green, and social investment products.stageThe establishment aims to serve as a repository for sustainable development, green and social bonds, and those listed on the Hong Kong Exchange that focus on Environment, Social and Governance (ESG).ESGA repository of exchange-traded product information related to sustainability and green finance. It supports issuers, asset managers, investors, and professional advisors by helping them identify, innovate, and promote sustainable development and green finance. It also provides information on different providers.ESGThe comprehensive rating view enables investors to compare companies across industries and sources when making investment decisions. Against this backdrop, listed companies increasingly seek relevant opportunities to meet the latest industry standards and maintain competitive advantages.ESGConsulting services are to beESGIncluding investment decision-making processes and developing technology to provide potential solutions, these services see expanding opportunities as market dynamics evolve towards green and sustainable finance.

· The popularization of investment is continuously increasing

In retail and institutional investors (such as private equity), the practice of incorporating environmental, social, and governance factors into investment decisions is becoming increasingly common. Thematic investing refers to the tendency of investors to invest in ventures aimed at promoting specificESGCompanies with positive environmental impacts, such as more sustainable production practices, wider use of clean energy, and carbon emissions reduction. This investment approach has been actively promoted globally. The concepts of green equity and green bonds have also received attention from stakeholders across various sectors. The funds raised by listed companies will be used for environmental-related projects. Listed companies are seekingESGConsulting services, aiming to customize the latest market trends with professional experience and expertiseESGReports to ensure market competitiveness and foothold. In summary, the integration of environmental, social, and governance factors into investment decisions is becoming increasingly common, including among retail and institutional investors. Concepts such as thematic investing, green equity, and green bonds are being widely promoted globally. Listed companies are seekingESGConsulting services are designed to adapt to this latest market trend and ensure market competitiveness and foothold.

singaporeESGOverview of the consulting service market

SingaporeESGThe market scale of consulting services2016year1.2Rise from one million new dollars2021year2.6One million New Zealand dollars, with a compound annual growth rate during this period of approximately16.7%singaporeESGThe growth rate of the consulting service market is closely related to the regulatory system. In recent years, regulatory measures have been gradually strengthened, especially for the Singapore Exchange (SGX) issued a requirement for listed companies in Singapore to discloseESGInformation stipulations, listed companies must from2022The sustainability report was released in and2023Climate reporting will be supplemented starting from the year. This requirement is expected to significantly drive Singapore'sESGThe demand for consulting services to help enterprisesESGSupport is provided in related strategic planning, technical support, testing, auditing and verification, as well as sustainable development marketing. The market size is expected to be in2021Year-end2022The year-over-year ratio will be about115%The annual growth rate has increased, and in2026Annual achievement1,06010,000 yuan2022Year-end2026The compound annual growth rate for the year is about17.3%.

Source: Frost & Sullivan report

chinaESGOverview of the consulting service market

In the Chinese mainland,ESGThe market scale of consulting services2016year5,830Ten thousand yuan grew to2021year8,830Ten thousand yuan, with a compound annual growth rate of8.7%In recent years, with more regulatory authorities, exchanges, and investors paying attentionESGThe importance, listed companies are increasinglyESGFactors are incorporated into its business strategy and risk management strategy. Government policies and regulations, such as the 'dual carbon' goal and the 'Guidelines for Investor Relations Management of Listed Companies (Draft for Comment)', have drivenESGRapid growth of the consulting service market. Due to mainland Chinese listed companiesESGThe disclosure prevalence rate is relatively low, and compared to developed countries or regions, the Chinese mainland has huge market potential. It is expected that by2026In [year], the market scale will reach1.503yuan,2021Year-end2026The compound annual growth rate for the year is11.2%.

Source: Frost & Sullivan report

United StatesESGOverview of the consulting service market

since2016Year to2021year, United StatesESGThe market scale of consulting services109USD billion growth to132billion dollars. AsESGA barometer of concept integration, the United StatesESGConsulting services are more prevalent globally.2021In 2019, the United States accounted for approximatelyESGConsulting service market40.6%In addition, since the United States has a more matureESGDisclosing systems and data measurement and collection mechanisms, with many countries preferring to seek out the United StatesESGProfessional advice on consulting services. Looking ahead, the USESGThe consulting service market will grow steadily, from2022Year-end2026The annual scale will be from139USD billion to165billions of dollars, with a compound annual growth rate of4.4%.

Source: Frost & Sullivan report

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Frost & Sullivan has extensive research experience in the financial and business services industry, assisting well-known enterprises in successfully listing on capital markets. Successful listings include:K Cash（2483.HK), Shengde FortuneNASDAQ:PWM), Tiancheng JinhuiNASDAQ:TCJH), 960609 Wealth (9636.HK), Lichen ChinaNASDAQ:LICN), Noah Holdings6686.HK), CEDC Advisory2176.HK), Bairen Cloud Creation6608.HK), Excellence Business Service6989.HK), Huazhu (1179.HK), Zhongguancun Technology Rental1601.HK), Baolong Commercial9909.HK), Travel Orange Culture8627.HK), Yincheng Life Services1922.HK), International Yongsheng8441.HK), Xinyuan Property (1895.HK), Tailia Loan (1915.HK), Zhongzhixin HoldingsNASDAQ:CIH), Haitong Hengxin1905.HK), Asian EraNASDAQ:ATIF), Liancheng Technology8635.HK), Aoyuan Health3662.HK), Jiazhao Real Estate2168.HK), Ruize Asset Management1835.HK), TradeGo8017.HK), Baiying Leasing8525.HK), Zi Yuan Yuan8223.HK), WeCom Finance (2003.HK), Huifu Tianxia1806.HK), the balance is right (8403.HK), Junyi Global Finance8350.HK), Shengye Capital8469.HK), Chinese Art Finance1572.HK), Xingzheng International8407.HK), Bank of China Leasing1606.HK).