On 8 July 2026, Shandong Baogai New Materials Technology Co., Ltd. (Baogai, 8090.HK) successfully listed on the GEM of the Hong Kong Stock Exchange (HKEx), raising a total of approximately HKD 90 million. CBI is honored to participate in the due diligence work for this IPO Project.

Shandong Baogai New Materials Technology  Co., Ltd. is a China-based company mainly engaged in the research, development, manufacturing, and sales of high-performance glass fiber-reinforced polymer trench covers, including cable trench covers, drainage covers, and manhole covers. The Company's main products include cable trench covers, drainage trench covers, and manhole trench covers. 

In this IPO project, CBI primarily assisted the sponsor team in conducting due diligence on the company group, its directors, senior management, customers, suppliers and distributors, etc. In addition to the basic information such as litigation, bankruptcy, winding-up and media records, CBI also assisted the sponsor team in conducting related company search. The due diligence project globally covered 2 countries and regions, including China and Hong Kong, etc.