Baker McKenzie Advises CIG Shanghai on its Global Offering and Listing in Hong Kong

Baker McKenzie acted as the Hong Kong and US legal adviser to CIG Shanghai Co., Ltd. ("CIG Shanghai") on its successful global offering and listing on the Main Board of the Hong Kong Stock Exchange. The offering is expected to raise approximately USD594.0 million (or approximately USD683.1 million if the over-allotment option is fully exercised). The company's H shares (stock code: 6166) commence trading today.

Listed on the Shanghai Stock Exchange (stock code: 603083), CIG Shanghai is a global and industry-leading company that provides critical infrastructure components supporting the development of AI. It is one of the few global companies offering high-efficiency and instant connectivity solutions across photonics, broadband and wireless technologies, and ranks fifth globally in the integrated optical and wireless connectivity devices industry. Proceeds from this offering will be used for investments in production and market expansion, research and development, as well as working capital and general corporate purposes.

The deal team, comprising lawyers from Baker McKenzie and FenXun, was led by Christina Lee, partner and co-head of Baker McKenzie's Asia Pacific and China Capital Markets Practice. The core team members included:

• Baker McKenzie: Partners Wang Hang and Sheng Chen*; Senior Associate Xiaoyang Hu, Associate Benjamin Cheung and Trainee Solicitor Tiffany Mak
• FenXun: Partner Yolanda Zheng; Associates Yaomin Pan, Charlotte Cao, Xiaoping Xu and Yaqin Liu (FenXun, a premier Chinese law firm, established a joint operation office with Baker McKenzie in China under the name Baker McKenzie FenXun in 2015.)

Commenting on the deal, Christina Lee said: "We are proud to have supported CIG Shanghai on its successful listing, which reinforces our capital markets expertise and strong track record. This deal also underscores Hong Kong's position as a leading fundraising hub for technology companies, helping them attract a broader base of global investors."

Guotai Junan Capital Limited acted as sole sponsor. Guotai Junan Securities (Hong Kong) Limited and CLSA Limited acted as joint overall coordinators in this deal. They also acted as joint global coordinators, joint bookrunners and joint lead managers, along with DBS Asia Capital Limited.

Baker McKenzie is one of the leading firms for complex transactions, providing strategic advice on deals involving the world's leading financial institutions and multinational companies. The Firm regularly advises target companies, offerors, selling shareholders and financial advisers on the acquisition and disposal of companies listed on stock exchanges in major financial centers, as well as issuers on their proposed listing and fundraising activities in different jurisdictions. With many of its lawyers enjoying established working relationships with local regulators in Hong Kong and other key markets, the Firm is well-positioned to guide clients through every stage of the process - providing valuable insights on regulatory developments that may affect the value and feasibility of cross-border transactions, as well as on ongoing compliance matters. The team also assists listed companies in the restructuring of shareholdings, the use of stock as consideration and the execution of block trades. Moreover, the team has extensive experience in advising clients on cross-border capital fundraising through various schemes, including the Shanghai-London Stock Connect and the China-Switzerland Stock Connect.

* Registered foreign lawyer (partner equivalent)