IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
S.F. Holding 06936.HK	Air Freight & Logistics	32.3-36.3	200	N/A	2024/11/22	2024/11/26	2024/11/27
Jiuyuan Gene 02566.HK	Biotechnology - Medical Devices	11.48-12.56	200	N/A	2024/11/25	2024/11/27	2024/11/28
Mokingran 02585.HK	Watch & Jewellery	12-14.4	200	N/A	2024/11/26	2024/11/28	2024/11/29

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

S.F. Holding
06936.HK

Air Freight & Logistics

32.3-36.3

200

N/A

2024/11/22

2024/11/26

2024/11/27

Jiuyuan Gene
02566.HK

Biotechnology - Medical Devices

11.48-12.56

200

N/A

2024/11/25

2024/11/27

2024/11/28

Mokingran
02585.HK

Watch & Jewellery

12-14.4

200

N/A

2024/11/26

2024/11/28

2024/11/29

Summary

We provide AI-generated content (AIGC) solutions, AI enterprise solutions, smart devices and accessories with generative AI and voice interaction technologies at the core of our business. According to the CIC Report, we ranked third in the field of AI voice technologies and natural language processing (NLP) software solution with a market share of 1.4% in China in terms of revenue recognized in 2022. On the other hand, in the rapid growing area of AIGC, we are one of the market players in Asia capable of self-building our large language model, “Sequence Monkey”, which is equipped with multi-modal generative capability and has an ability to understand and generate humanized text, audios, images and videos. In 2022, we generated the largest amount of revenue from AIGC solutions among other market players in China. Furthermore, our revenue from Smart Devices and Other Accessories reached RMB197.3 million (or approximately USD28.1 million) in 2022, accounting for a market share of 0.02% of the global AI-empowered hardware solution market in terms of revenue. We are a market player in the development of AI CoPilot in Asia through providing personalized AI assistants with voice interaction and content generation technologies to help users complete various tasks in work and life. Leveraging our voice interaction capability and our large language model with multi-modal generative capability, “Sequence Monkey”, we are committed to providing AI CoPilot experience by integrating AI technology, innovative solution and commercialization capability through various software and hardware solutions to content creators, enterprises and consumers around the globe. In 2020, we developed UCLAI, which has the ability to understand and generate text, and based on this, we introduced the upgraded version, “Sequence Monkey”, in 2023. Compared with “UCLAI”, “Sequence Monkey” has the ability to generate image, 3D content, speech and speech recognition in addition to text. Further, “Sequence Monkey” has the capability to train with more data and tackle more complex tasks than “UCLAI”. Before launching “Sequence Monkey”, some of our AIGC solution matrix such as “Moyin Workshop”, “Mozhuan Writing” and “Weta365” were built using exclusive algorithm models, each of which had its own modality and each modality has a distinct model for (i) speech recognition and synthesis, (ii) image recognition and generation, (iii) text understanding and generation, and (iv) digital avatar generation. In such cases, the maintenance of multiple models for each modality (for example, audio, images and text) incurred large amount of research and development expenses and the independence of models might affect the performance of subsequent tasks by a poor performing node in the pipeline. With the integration of Sequence Monkey into a multi-modal large language model in 2023, our research and development with regard to algorithms became more concentrated and cross-modal information loss due to consolidation within a single model has been largely reduced. During the Track Record Period in November 2023, we officially launched (i) “Qi Miao Wen” (an upgraded version of our “Mozhuan Writing”) — an AI writing assistant within our AIGC solution matrix with an additional feature of interactive dialogue; and (ii) “AI Ask365”— a solution for targeting enterprise customers and creating AI-empowered digital personnel who can act autonomously based on prescribed scenarios. For details, please refer to the paragraphs headed “Business — Our Solutions — AI Software Solutions — “Qi Miao Wen” — Our AI writing assistant” and “Business — Our Solutions — AI Software Solutions — “AI Ask365” — Our AI-empowered digital personnel creator” in this document. Since our Group was incorporated and up to the Latest Practicable Date, we had recorded more than 15 million users globally covering content creators, enterprises and consumers. For the years ended December 31, 2021, 2022 and 2023, we recorded 2.8 million, 4.6 million and 4.2 million users, respectively. Under content creators related scenarios, we are dedicated to providing high-quality AI voiceover solutions globally with our AI voiceover assistant, “Moyin Workshop” and our integrated AIGC solutions, “DupDub”. We had recorded over 10 million users for our AIGC solutions worldwide since 2020. For the years ended December 31, 2021, 2022 and 2023, we recorded approximately 1.5 million, 3.0 million and 4.0 million users on our AIGC platforms, respectively. Meanwhile, under enterprise-related scenarios, we had pre-installed our automotive voice interaction solutions in more than two million vehicles since 2020. Under consumer-related scenarios, we have accumulated sales of more than one million pieces of our smart devices since 2020. Our business segments consist of (i) AI Software Solutions, which comprise AIGC solutions and AI enterprise solutions; and (ii) Smart Devices and Other Accessories. We began to provide AIGC solutions in 2020, AI enterprise solutions in 2017 and Smart Devices and Other Accessories in 2015. We started to develop our AI CoPilot technology in 2023. Source: Mobvoi (02438) Prospectus (IPO Date : 2024/04/16)
Listing Market	MAIN
Industry	Application Software
Background	Others
Major Business Area	N/A

Corporate Information

Substantial Shareholders	Li Zhifei (25.96%) SIG Pacific Holdings, LLLP (15.92%) Google Ireland Holdings Unlimited Company (12.40%) HSG CV IV Holdco, Ltd. (9.85%) Goertek Inc. (9.37%)
Directors	Li Zhifei (Founder and Chairman and Chief Executive Officer and Executive Director) Li Yuanyuan (Co-Founder and Chief Operation Officer and Executive Director) Chen Yilyu (Independent Non-Executive Director) Lu Yuanzhu (Independent Non-Executive Director) YANG Zhe (Independent Non-Executive Director)
Company Secretary	LI Yuanyuan TSANG Wing Man
Principal Bankers	China Merchants Bank Minsheng Bank Citibank (Hong Kong) Limited HSBC Bank
Solicitors	Zhong Lun Law Firm Campbells
Auditors	KPMG
Registered Office	40th Floor, Dah Sing Financial Centre, No. 248 Queen’s Road East, Wanchai, Hong Kong
Share Registrars	Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No	(852) 2862-8628
Internet Address	https://www.chumenwenwen.com
Email Address	ir@mobvoi.com
Tel No
Fax No

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