On October 4, 2019, Sheng Ye Capital Limited (GEM Stock Code: 8469, hereinafter referred to as "Shengye Capital" or the "Company" for short) announced that the Stock Exchange of Hong Kong (HKEX) has agreed in principle on its transfer from the growth enterprise market (GEM) to the Main Board. The Company's shares were traded on the Main Board on October 24, 2019, with the code of 6069.

Shengye Capital is a fintech enterprise focusing on industrial services, providing supply chain financial services and information technology services to micro, small and medium-sized enterprises in the energy chemical industry, infrastructure engineering industry, and pharmaceuticals & medicine industry. It is the first commercial factoring enterprise from the mainland China to float on the HKEX, and was included in the MSCI China Small Cap Index in May 2018.

Since its listing on the Stock Exchange of Hong Kong, Shengye Capital has successfully introduced major shareholders of Taiping Trustees Limited, a subsidiary of China Taiping - one of China's top four insurance groups, Pavilion Capital, a wholly-owned subsidiary of Temasek which is 100% controlled by the Ministry of Finance of Singapore, the US-based Olympus Capital Asia and Mason Group through equity offerings into the Company. It has also bolstered market performance by introducing innovative products. According to the Company's mid-term report for 2019, its factoring income registered RMB237 million in the first half of the year, up 30% year on year, and after-tax profit RMB124 million, up 67%.

The DeHeng project team headed by Partner Su Qiyun and Liu Shuang with primary support from lawyers Huangfu Tianzhi, Wang Yang and Zhang Zhipeng, who acted as the issuer's domestic counselor for the GEM IPO on July 6, 2017, provided legal services for its transfer from GEM to the Main Board. In the future, DeHeng will continue to work hard to provide the Company with high-quality legal services in the capital market, and assist the Company to discover and realize value in the capital market and achieve rapid growth