Beijing Haizhi Technology Group Co., Ltd.

Date of Prospectus: February 5, 2026

Beijing Haizhi Technology Group Co., Ltd. Launches Hong Kong IPO: Deep Dive, Offer Details, Risks & Outlook for Investors

IPO Snapshot: Key Facts for Investors

Beijing Haizhi Technology Group Co., Ltd. (Stock Code: 2706) is set to list its H Shares on the Main Board of the Hong Kong Stock Exchange, offering a significant opportunity for institutional and retail investors to participate in the company’s growth story.

Investors must note: The offer price includes brokerage (1.0%), SFC transaction levy (0.0027%), Stock Exchange trading fee (0.00565%), and AFRC transaction levy (0.00015%) [[2]][[4]][[6]].

Use of Proceeds: Capital for Growth

The prospectus indicates a growth-driven capital raise, with proceeds designated for expansion, business development, and working capital. Each application must be paid in full on application, with excess refunded if the final offer price is set lower than the maximum.

• Growth orientation: Funds will be deployed to drive further expansion into core and new business lines.
• Working capital: A portion will support ongoing operations and liquidity needs.

No debt repayment or deleveraging focus is stated, highlighting an emphasis on scaling operations rather than balance sheet repair.

Offer Structure and Allocation Breakdown

• Hong Kong Public Offering: 2,803,200 H Shares (approx. 10%) initially, subject to reallocation. In case of strong demand, up to 4,204,400 H Shares (approx. 15%) may be allocated at the bottom of the price range (HK\$25.6 per share).
• International Offering: 25,227,000 H Shares (approx. 90%), subject to reallocation.
• No Stabilization: No stabilizing manager appointed, and no greenshoe (over-allotment option) will be exercised [[3]].
• Minimum Application: 200 H Shares, with incremental application steps as detailed in the official pricing table.

Investor Participation and Book Quality

No anchor or cornerstone investors are named in the prospectus, and no pre-listing disposals, early shareholder sales, or employee allocations are disclosed. The overall coordinators may reallocate shares between tranches to ensure valid applications are satisfied, with a maximum of 15% of the total offer allocated to the Hong Kong Public Offer if oversubscription occurs [[5]].

No specific oversubscription or book coverage metrics are provided, but the ability to reallocate shares to the public offer upon strong demand suggests a flexible approach to meet market interest.

Deal Parties, Coordinators, and Underwriting Structure

• Joint Sponsors, Overall Coordinators, Joint Global Coordinators, Joint Bookrunners, and Joint Lead Managers: All are appointed but not individually named in the disclosed details.
• Underwriting: The Hong Kong Underwriting Agreement may be terminated by the Overall Coordinators under specified conditions at any time up to 8:00 a.m. on the listing date, providing investors with transparency on deal conditions.
• No Stabilization Activities: There will be no stabilization activities related to this offering [[3]].

Company Overview: Business Model, Market Position, and Management

Beijing Haizhi Technology Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China with limited liability. The company’s business model, geographic reach, key products, and customer segmentation are not explicitly disclosed in the summary but can be inferred to focus on technology solutions for diverse sectors.

Management Team:

• Chairman and Executive Director: Mr. Ren Xuyang
• Executive Directors: Mr. Ren Xuyang, Mr. Yang Zaifei, Ms. Yang Juan, Mr. Wan Pengjiang
• Non-executive Directors: Mr. Li Jiaqing, Ms. Long Yu, Mr. Li Hongtao
• Proposed Independent Non-executive Directors: Mr. Zhang Yifan, Mr. Jiang Tian, Mr. Li Shu Pai, Mr. Ma Yeming

Board oversight and sector experience are reflected in this diverse directorate.

Sector Trends, IPO Timing, and Market Environment

IPO Application Window:

• Application Open: 9:00 a.m. on February 5, 2026
• Application Close: 11:30 a.m. on February 10, 2026 (for White Form eIPO); 12:00 noon for all channels
• Expected Price Determination: By 12:00 noon on February 11, 2026
• Announcement of Offer Price & Allocation: At or before 11:00 p.m. on February 12, 2026
• Listing Date: 9:00 a.m. on February 13, 2026

Economic or sector macro indicators are not detailed, but the company’s decision to list at this time suggests confidence in the market environment for technology-driven, expansion-focused issuers [[6]][[7]][[8]].

Risk Factors

• Underwriting Risk: The Overall Coordinators can terminate the Hong Kong Underwriting Agreement under defined adverse circumstances before listing, introducing a layer of deal execution risk.
• No Stabilization: Absence of a stabilizing manager increases the potential for volatility on listing day.
• Application Restrictions: Applications for numbers of shares other than the prescribed increments will be rejected.

Growth Strategy and Expansion Plans

The offer proceeds are targeted at business growth and working capital, indicating a focus on scaling the company’s technology activities and market footprint. No M&A, capacity addition, or new market entry specifics are disclosed, but the allocation of funds for expansion underlines management’s strategic ambitions [[2]].

Ownership and Lock-Up Structure

Pre- and post-IPO shareholding structures, lock-up periods, and employee share option plans are not outlined in the summary disclosures. Investors should consult the company’s website for further details if needed.

Valuation and Peer Comparison

No P/E, P/B, EV/EBITDA, or peer comparison figures are disclosed for either the issuer or competitors. No sector peer symbols or comparative performance tables are provided.

Research Coverage and Analyst Opinions

No analysts, covering institutions, or price targets are named in the company disclosures.

IPO Allotment Result and Application Process

• Allocation Results: The company will publish the basis of allocation for the Hong Kong Offer Shares at www.hkexnews.hk and www.haizhi.com at or before 11:00 p.m. on February 12, 2026.
• Allotment Details: Results can also be checked at www.iporesults.com.hk or by calling +852 2862 8555 during specified office hours.

Listing Outlook and Investor Takeaways

Based on the disclosed facts, the IPO demonstrates the following strengths:

• Growth-Driven Use of Proceeds: Capital is aimed at expansion and operational growth, favoring long-term value creation.
• Flexible Allocation: Up to 15% of shares may be allocated to the public offer if demand is strong, potentially supporting a robust debut.
• No Stabilization Activities: This could create greater listing-day volatility, meaning investors should be prepared for price swings.
• Board and Management: The company features an experienced board with a mix of executive and independent oversight.

Overall, the IPO appears positioned for solid investor interest, particularly if demand in the public offer triggers reallocation and the final offer price is set at the lower end of the range. The lack of stabilization and absence of named anchor investors may result in a more volatile first day, but the company’s growth ambitions and transparent allocation process provide a compelling proposition for investors seeking exposure to China’s technology sector.

First-day trading is expected to commence at 9:00 a.m. on February 13, 2026, with the stock trading in board lots of 200 H Shares each. The likely trading range will be influenced by final pricing and allotment but is expected to reflect demand as indicated by the reallocation mechanism.

Prospectus Access and Additional Information

The official offering document and further details are available at the following websites:
www.hkexnews.hk
www.haizhi.com

How to Apply for the IPO

Application Channels:

• White Form eIPO Service: Apply online at www.eipo.com.hk for physical H Share certificates. Application window: 9:00 a.m. on February 5, 2026 to 11:30 a.m. on February 10, 2026. Payment must be completed by 12:00 noon on February 10, 2026.
• HKSCC EIPO Channel: Apply via your broker or custodian who is a HKSCC participant through the FINI system. Check with your broker/custodian for their specific cutoff times.

There are no physical application channels for the public.

For full application procedures, consult the official company website.