Han Kun Law Offices LLP ("Han Kun Hong Kong"), acted as the Hong Kong legal advisors to the Company in connection with the initial public offering in Hong Kong and Regulation S offering of 23,975,200 H shares in aggregate, and the listing of H Shares of, Beijing 51WORLD Digital Twin Technology Co., Ltd. ("51WORLD", stock code: 06651.HK) on The Stock Exchange of Hong Kong Limited. Han Kun Hong Kong served as lead counsel for drafting the prospectus. 51WORLD is the eighth successful listing applicant under Chapter 18C of the Hong Kong Listing Rules since the effective date of Chapter 18C. China International Capital Corporation Hong Kong Securities Limited and Huatai Financial Holdings (Hong Kong) Limited served as joint sponsors.
51WORLD is a digital twin technology company in China. It has developed core competencies in technology around three major areas: 3D graphics, simulation, and AI. A digital twin technology is a technology that employs graphics, simulation and AI to generate a highly accurate, virtual replica of a physical object or a system such as a city building or a vehicle. This 3D virtual model can mirror the real-world counterparts in detail, allowing users to observe, analyze and predict how it behaves and changes over time. Digital twins are used in various fields to simulate and plan scenarios such as urban development, traffic management, and emergency response strategies with those impacting the actual environment. In 2024, 51WORLD ranked first in revenue in China's digital twin industry.
