On November 6, 2019, Hangzhou Hopechart Technology Co., Ltd. (stock code: 688288) was listed on the Science and Technology Innovation Board.

Established in 2009, Hopechart has been employing artificial intelligence and big data technologies for the R&D, production and sale of internet-connected auto devices such as the intelligent augmented driving system and advanced driving assistant system for many years, mainly used in commercial vehicles (trucks, buses, special operation vehicles, etc.). It has a strong competitive edge in the R&D, production capacity, process technology and product quality of intelligent commercial vehicles, and is leading the above niche markets in terms of market share and technology level.

The IPO issued 25 million shares at the price of RMB24.99 each share and raised RMB624.75 million, which is planned to fund the production line with an annual capacity of 200,000 driving recorders, the upgrade of the driving assistant system with the annual production capacity of 150,000 sets, and the construction of the R&D center and distribution network.

As the legal adviser for the IPO, the DeHeng team, led by partner Xia Yongjun and with primary support from associates Wang Dan, Li Zhong, Zhao Yong and Qian Xumiao, provided comprehensive, professional and high-quality services for the issuer.