On 23 December 2025, Nuobikan Artificial Intelligence Technology (Chengdu) Co., Ltd. (Nuobikan, 2635.HK) successfully listed on the Main Board of the Hong Kong Stock Exchange (HKEx), raising a total of approximately HKD 303 million. CBI is honored to participate in the due diligence work for this IPO Project.

Nuobikan is a China-based company mainly engaged in the development and sales of monitoring and inspection products and solutions for railway operation and power grid companies, and other urban management solutions. The Company operates three businesses. The transportation solution business mainly provides integrated software and hardware solutions to rail transit customers, including inspection of railway traction power supply systems, monitoring of railway external environment and inspection of cargo train operation status. The energy solution business mainly provides electricity solutions chemical engineering solutions. The urban management solution business mainly provides integrated software and hardware solutions, covering application scenarios including park management, campus management, emergency management and community management.

In this IPO project, CBI primarily assisted the sponsor team in conducting due diligence on the company group, its directors, senior management, shareholders, 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 reputation intelligence and related company search. The due diligence project mainly covered China and Hong Kong area.