Lily Liang

Representative Matters

• IPOs & EQUITY CAPITAL MARKETS
• Participating in the listing of Guangdong True Health Medical Technology Development Co., Ltd. (stock code: 2697) on the Main Board of the Stock Exchange of Hong Kong Limited under Chapter 18A of the Listing Rules, acting as Hong Kong legal adviser to the company. The company develops and commercialises percutaneous puncture surgical robots and ablation surgical robots in China.
• Participating in the listing of Guangdong Tianyu Semiconductor Co., Ltd. (stock code: 2658) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the company. The company is a manufacturer of self-produced silicon carbide epitaxial wafers, ranking first in China in terms of revenue and sales volume in 2024.
• Participating in the listing of Zijin Gold International Company Limited (stock code: 2259) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as special Hong Kong legal adviser. The company engages in gold exploration, mining, processing, smelting, refining and sales.
• Participating in the listing of Dahon Tech (Shenzhen) Co., Ltd. (stock code: 2543) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the company. The company is one of China's largest folding bicycle companies, ranking first in terms of folding bicycle retail sales volume and retail sales value in China in 2024.
• Participating in the listing of X.J. Electrics (Hu Bei) Co., Ltd. (stock code: 2619) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the company. The company is a household products manufacturer in China, operating primarily under ODM/OEM models and serving customers including Walmart and brands such as Philips and SEB.
• Participating in the listing of Rongta Technology (Xiamen) Group Co., Ltd. (stock code: 9881) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sole sponsor and underwriters. The company is a provider of automatic identification and data capture (AIDC) devices and solutions with a global sales network.
• Participating in the listing of Jiangsu Horizon Chain Supermarket Company Limited (stock code: 2625) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the company. The company is a supermarket and convenience store chain operator headquartered in Yangzhou, conducting retail and wholesale businesses under the Hongxinlong brand primarily in central Jiangsu Province.
• Participating in the transfer of listing of Pizu Group Holdings Limited (stock code: 9893) from GEM to the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the financial adviser. The company is engaged in the manufacture and sale of explosives, the provision of blasting operations and related services, and mining operations.
• Participating in the spin-off of Palasino Holdings Limited (stock code: 2536) from its controlling shareholder, Far East Consortium International Limited (stock code: 35), and its listing on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sole sponsor and underwriters. The company is a European gaming and leisure group.
• Participating in the listing of Zhongtian Construction (Hunan) Group Limited (stock code: 2433) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sole sponsor and underwriters. The company is a general contracting construction group based in Hunan Province with over 40 years of operating history.
• Participating in the listing of Huaibei GreenGold Industry Investment Co., Ltd. (stock code: 2450) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the company. The company is a state-backed construction materials supplier based in Huaibei, Anhui Province.
• Participating in the listing of Beijing SinoHytec Co., Ltd. (stock code: 2402), a company listed on the STAR Market, on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the company. The company is a leading fuel cell system manufacturer in China, primarily designing, developing and manufacturing fuel cell systems and stacks for commercial vehicles such as buses and trucks.
• Participating in the listing of Guanze Medical Information Industry (Holding) Co., Ltd. (stock code: 2427) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sole sponsor and underwriters. The company is a medical imaging solutions provider in Shandong Province, primarily providing medical imaging film products and medical imaging cloud services.
• Participating in the listing of Shanghai Conant Optical Co., Ltd. (stock code: 2276) on the Main Board of the Stock Exchange of Hong Kong Limited and the conversion of all its domestic shares into H shares under the H share full circulation programme, acting as Hong Kong legal adviser to the sole sponsor and underwriters. The company is a leading manufacturer of resin spectacle lenses in China.
• Participating in the listing of UJU Holding Limited (stock code: 1948) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the company. The company is an online short-video marketing company, primarily providing one-stop, cross-media online marketing solutions through its media partners.
• Participating in the listing of Roiserv Lifestyle Services Co., Ltd. (stock code: 2146) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sponsor. The company is an integrated property management services provider with a strong presence in the Bohai Economic Rim and a nationwide service network, including strategic coverage of the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area.
• Participating in the listing of Wenling Zhejiang Measuring and Cutting Tools Trading Centre Company Limited (stock code: 1379) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sponsor. The company operates a specialist wholesale trading centre for measuring and cutting tools in China.
• Participating in the listing of Bright Future Technology Holdings Limited (stock code: 1351) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sponsor and underwriters. The company is a mobile advertising company, primarily providing intelligent marketing solutions.
• Participating in the listing of Sunlight Technology Holdings Limited (subsequently renamed Diwang Industrial Holdings Limited) (stock code: 1950) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sponsor and underwriters. The company is a manufacturer of chemicals for artificial leather in China.
• Participating in the listing of Justin Allen Holdings Limited (stock code: 1425) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sponsor. The company is principally engaged in garment manufacturing, primarily producing sleepwear and loungewear, selling greige fabric and providing processing services. Its products are sold in China and overseas markets, including the United States, the United Kingdom, Ireland, Canada, Spain, Honduras, Malta and Cambodia.
• Participating in the listing of Sprocomm Intelligence Limited (subsequently renamed Future Machine Limited) (stock code: 1401) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the company. The company is principally engaged in the design, manufacture and sale of mobile phones, printed circuit board assemblies and Internet of Things-related products, as well as investment holding.
• Participating in the listing of Accel Group Holdings Limited (stock code: 1283) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sponsor and underwriters. The company provides electrical and mechanical engineering services, including the supply, installation and maintenance of ventilation, air-conditioning, electrical, swimming pool, fountain, plumbing and drainage systems.
• Participating in the listing of Yangzhou Guangling District Taihe Rural Micro-finance Company Limited on GEM (former stock code: 8252) and its subsequent transfer of listing to the Main Board of the Stock Exchange of Hong Kong Limited (stock code: 1915), acting as Hong Kong legal adviser to the financial adviser on the transfer. The company is a microfinance service provider in Yangzhou, principally providing loans and financing guarantees to the agricultural sector, rural areas and farmers, and acting as an agent for automobile-related and other services.
• Participating in the listing of Zengame Technology Holding Limited (stock code: 2660) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sole sponsor and underwriters. The company is principally engaged in mobile game development and operation, as well as investment activities, and operates both self-developed and third-party games.
• Participating in the listing of Peiport Holdings Ltd. (stock code: 2885) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sole sponsor and underwriters. The company principally provides thermal imaging, self-stabilised imaging and general aviation products and services.
• Participating in the listing of Xin Yuan Enterprises Group Limited (stock code: 1748) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the company. The company provides asphalt tanker and bulk carrier chartering services.
• Participating in the listing of WAC Holdings Limited (stock code: 8619) on GEM of the Stock Exchange of Hong Kong Limited. The company is a construction engineering consultant focusing on comprehensive structural and geotechnical engineering services, mainly in Hong Kong.
• Participating in the listing of Kinetix Systems Holdings Limited (stock code: 8606) on GEM of the Stock Exchange of Hong Kong Limited. The company is a long-established IT service provider in Hong Kong.
• Participating in the listing of Clifford Modern Living Holdings Limited (stock code: 3686) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sole sponsor and underwriters. The company is a comprehensive service provider whose businesses include catering, retail, property management and ancillary services.
• Participating in the listing of Ever Harvest Group Holdings Limited (stock code: 1549) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the company. The company provides sea freight and freight forwarding services.
• Participating in the listing of Jujiang Construction Group Co., Ltd. (stock code: 1459) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the company. The company provides building construction contracting services and related design, surveying and consultancy services.
• Participating in the listing of Holly Futures Co., Ltd. (stock code: 3678) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sponsor and underwriters. The company's principal businesses include futures brokerage, asset management, commodity trading and risk management.
• Participating in the listing of China Yu Tian Holdings Limited (stock code: 8230) on GEM of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the company. The company manufactures and sells industrial coated glass and related products.
• Participating in the listing of Charmacy Pharmaceutical Co., Ltd. (stock code: 2289) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the sole sponsor and underwriters. The company is a pharmaceutical distributor.
• Participating in the listing of Zhejiang Tengy Environmental Technology Co., Ltd. (stock code: 1527) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the company. The company designs, develops, manufactures, installs and sells pollution control equipment and electronic products, principally supplying electrostatic precipitators, bag filters and hybrid electrostatic-bag filters.
• Participating in the listing of Future Bright Mining Holdings Limited (stock code: 2212) on the Main Board of the Stock Exchange of Hong Kong Limited under Chapter 18 of the Listing Rules. The company is a marble mining company.
• Participating in the listing of Yan Tat Group Holdings Limited (stock code: 1480) on the Main Board of the Stock Exchange of Hong Kong Limited, acting as Hong Kong legal adviser to the company. The company manufactures and sells printed circuit boards.

• M&A, PRIVATE EQUITY & FINANCING
• Representing Xiezhong International Holdings Limited (stock code: 3663) in connection with a mandatory general offer by its management under the Hong Kong Code on Takeovers and Mergers.
• Representing Zijin Mining Group Co., Ltd. (Stock Code: 2899) in its takeover of Continental Gold Inc., a mining company listed on the Toronto Stock Exchange, for a total consideration of approximately C$1.3 billion.
• Representing Zijin Mining in its takeover of Nevsun Resources Ltd., a company listed on the Toronto Stock Exchange and the New York Stock Exchange, for a total consideration of approximately C$1.8 billion.
• Representing Oceanwide Holdings Co., Ltd. (SZSE: 000046) in its acquisition, through its subsidiary Oceanwide Holdings International Co., Limited, of approximately 71.36% of the issued share capital of Hutchison Harbour Ring Limited (Stock Code: 715) for a total consideration of HK$3.823 billion, and the subsequent mandatory unconditional cash offer for all the issued shares of Hutchison Harbour Ring, valued at approximately HK$1.534 billion.
• Participating in the acquisition by China NT Pharma Group Company Limited (Stock Code: 1011), a Main Board listed company, of the renowned international orthopaedics brand Miacalcic (injection and nasal spray) from Novartis for HK$1.13 billion.
• Representing the major shareholder of China High Speed Transmission Equipment Group Co., Ltd. (Stock Code: 658), as the offeree company, in the general offer for China High Speed Transmission by Fullshare Holdings Limited (Stock Code: 607) by way of share exchange.
• Advising Yunnan Baiyao Group Co., Ltd. (SZSE: 000538) on the transfer of its interests in Ban Loong Holdings Limited (Stock Code: 30) and Jacobson Pharma Corporation Limited (Stock Code: 2633) to Yunnan Baiyao Holdings in connection with Yunnan Baiyao's merger by absorption of Baiyao Holdings.
• Advising a client on the whitewash waiver application in connection with the corporate restructuring of China Everbright Group, involving four listed companies: China Everbright International Limited (Stock Code: 257), China Everbright Limited (Stock Code: 165), China Everbright Bank Co., Ltd. (Stock Code: 6818; SSE: 601818) and China Aircraft Leasing Group Holdings Limited (Stock Code: 1848).

Recognitions

• Named on China Business Law Journal's "The A-List 2023"
• Recognised as a "Stand-out Lawyer" by Thomson Reuters (2022)
• Selected by Asialaw as an "Outstanding Lawyer in Banking and Finance" (2021)

Professional Affiliations

• Member of the Third Bond Review Committee of Chongwa (Macao) Financial Asset Exchange Co., Ltd. (MOX)

Education Background

• Postgraduate Certificate in Laws, The Chinese University of Hong Kong
• Juris Doctor, The Chinese University of Hong Kong
• Bachelor of Business Administration in Finance and Economics, The Hong Kong University of Science and Technology

Professional Qualifications

• Qualified solicitor in Hong Kong