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

The Company, Aquila Acquisition Corporation, is a newly incorporated Cayman Islands exempted company. It is a special purpose acquisition company and has been formed for the purpose of effecting a business combination (“De-SPAC Transaction”) with one or more businesses (“De-SPAC Targets”). In identifying our De-SPAC Targets, we intend to concentrate our efforts on technology-enabled companies in new economy sectors (such as green energy, life sciences and advanced technology and manufacturing) in Asia, with a focus on China, although we may pursue a De-SPAC Target in any sector. OUR PROMOTERS Our Promoters are CMB International Asset Management Limited (“CMBI AM”), Mr. Rongfeng JIANG, Mr. Yao LING, Ms. Di LE and Ms. Qian WU (together, the “Individual Promoters”). Mr. Jiang, Mr. Ling and Ms. Le are Executive Directors and senior management of the Company, and Ms. Wu is a Non-Executive Director of the Company. All of the Individual Promoters are currently employees of CMB International Capital Corporation Limited (“CMBI”). CMBI AM holds 90% and the Individual Promoters, through AAC Mgmt Holding Ltd (“AAC Mgmt Holding”), their wholly-owned company, hold 10% of the issued shares of CMBI AM Acquisition Holding LLC (“CMBI AM Acquisition”), which in turn holds all of the Class B Shares in issue. Our Promoters’ parent company, CMBI, has invested in over 150 companies across various new economy sectors since its inception in 2014. Examples of high profile IPOs of CMBI’s new economy portfolio companies include Contemporary Amperex Technology Co. Ltd. (SZ: 300750) on the Shenzhen Stock Exchange in 2018, Meituan Dianping (HK: 03690) on the Main Board of the Stock Exchange in 2018, and Burning Rock (NASDAQ: BNR) on the NASDAQ Global Market in 2020. We believe that our ability to leverage, among others, CMBI’s global network, long-standing relationships with investors and business partners, and proven sourcing capabilities in various industries will provide us with an advantage in building a robust and distinctive pipeline of attractive De-SPAC Targets. See “Business – Relationship of our Promoters with CMB and CMBI”. CMBI AM CMBI AM is an asset management company, which is wholly-owned by CMBI, which in turn is a wholly-owned subsidiary of China Merchants Bank (“CMB”). CMBI AM is licensed by the SFC to conduct Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities. CMBI AM has extensive experience in private equity investment and management and serves a wide range of investors, including sovereign and pension funds, institutional and corporate investors and individual professional investors. It provides investors with professional investment advice, investment solutions and comprehensive platform support services, comprising a full spectrum of solutions from investment to operations, and is committed to building long-term relationships with its investors. In addition, it also provides advisory services for securities and asset management institutions in mainland China. For each of the financial years ended 31 December 2019, 2020 and 2021, CMBI AM had assets under management of more than US$2 billion. As at 31 December 2021, CMBI AM had more than US$3.2 billion in assets under management and achieved an approximately 1.84 times multiple on invested capital from its private equity investments from 2017 to 2021 (excluding new investments in 2021 which do not have an updated valuation amount as at the Latest Practicable Date). CMBI AM’s goal for private equity investment is to achieve stable investment returns in the long term. To achieve this goal, it coordinates and collaborates closely with CMBI Capital Management (Shenzhen) Co., Ltd. (“CMBI SZ”) (another wholly-owned subsidiary of CMBI) to utilise its China expertise to invest in China and in other regions with a China angle. As at 31 December 2021, CMBI AM and CMBI SZ together had more than US$30 billion in assets under management and have achieved an approximately 2.9 times multiple on invested capital for their private equity investments from 2015 to 2020. Individual Promoters Mr. Rongfeng (Michael) JIANG Mr. Jiang is one of our Promoters, as well as our Chief Executive Officer and Chairman of the Board. Mr. Jiang is a managing director of CMBI, the general manager of CMBI AM and a key member of CMBI’s investment committee, responsible for CMBI’s China offshore alternative investment business which includes private equity investment with a focus on China’s new economy sectors. Mr. Yao (Ethan) LING Mr. Ling is one of our Promoters, as well as our Chief Financial Officer and Executive Director. Mr. Ling is a Managing Director at CMBI and the head of investor relations of CMBI’s asset management business, where he is responsible for investor relations and capital raising for CMBI’s alternative investment products across private equity, private debt, direct investment, co-investment and public markets. He has led a number of transactions in China, including several sizeable fundraisings with a focus on the new economy sectors and the technology-enabled space. Ms. Di (Annie) LE Ms. Le is one of our Promoters, as well as our Chief Operating Officer and Executive Director. Ms. Le is a Vice President at CMBI. She is responsible for project investments of CMBI’s offshore funds. She has led the execution of multiple transactions primarily in the new economy sectors in China, such as investments in JD Logistics, Inc. (HK: 02618), Xiaomi Corporation (HK: 01810) and Tencent Music Entertainment Group (NYSE: TME). She has worked closely with CMBI’s healthcare team and participated in transactions in the biotech sector and has also led multiple Southeast Asia deals with a China angle. Ms. Qian WU Ms. Wu is one of our Promoters and our Non-executive Director. Ms. Wu is a Managing Director at CMBI. She is responsible for product and sales of CMBI AM and supervises the overall operations and post-investment management for CMBI’s offshore investments. She has expertise in deal structuring, including cross-border transactions and transaction financing. Our Individual Promoters have deep investment and advisory experience, with an established track record of fund raising and advising on and making investments in companies across a range of sectors and in different growth stages. All of our Individual Promoters are licensed by the SFC to carry out Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities for CMBI AM. In addition, all of them have been nominated to the Board of Directors of the Company by CMBI AM. For detailed biographies of the Individual Promoters, see “Directors, Senior Management and Advisory Board”. The Promoters have not previously established any SPAC and promoting and operating a SPAC is novel to the Promoters, our senior management team, the Directors and Advisory Board members. See “Risk Factors – Risks Relating to the Company and the De-SPAC Transaction” for further details. Source: Aquila Acq-Z (07836) Prospectus (IPO Date : 2022/03/14)
Listing Market	MAIN
Industry	Special Purpose Acquisition Company
Background	Others
Major Business Area	N/A

Corporate Information

Substantial Shareholders	[03968] China Merchants Bank Company Limited (Total share: 23.14%); (Class A share: 4.62%) UBS Group AG (Total share: 6.77%); (Class A share: 8.40%)
Directors	Rongfeng JIANG (Chairman and Executive Director) Di LE (Chief Operating Officer and Executive Director) Qian WU (Non-Executive Director) Xiaoxiao QI (Non-Executive Director) Fangxiong GONG (Independent Non-Executive Director) Kim Lam NG (Independent Non-Executive Director) Lei ZHONG (Independent Non-Executive Director)
Company Secretary	Lai Siu Kuen
Principal Bankers	The HongKong and Shanghai Banking Corporation Limited
Solicitors	Freshfields Bruckhaus Deringer
Auditors	BDO Limited
Registered Office	46th Floor, Champion Tower, 3 Garden Road, Central, Hong Kong
Share Registrars	Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No	(852) 2980-1333
Internet Address	http://www.aquilaacq.com.hk
Email Address	aquila@cmbi.com.hk
Tel No	(852) 3900-0888
Fax No	(852) 3761-8788

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